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K Raheja Corp's Chalet Hotels IPO subscribed 1.58 times on final day

The portion reserved for institutional investors was subscribed 4.6 times, and the high networth individuals (HNI) portion subscribed 1.11 times

Sundar Sethuraman 

IPOs

The Rs 1,641-crore (IPO) of received subscription of 1.58 times on Thursday, the final day of the offer. The IPO saw bids for 64.8 million shares, as against the 41 million on offer.
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The portion reserved for institutional investors was subscribed 4.6 times, and the high networth individuals (HNI) portion subscribed 1.11 times. The retail investors’ portion was subscribed just 2 per cent. Experts said the lukewarm response underscores the weak sentiment towards the primary market. was the first major IPO to hit the market in nearly four months. Since October, firms and bankers resisted from launching IPOs.
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First Published: Fri, February 01 2019. 01:30 IST
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