 "IPO")
\The initial public offer (IPO) of Shriram Properties was subscribed 4.6 times on Friday, the concluding of its issue. The institutional bucket was subscribed 1.85 times, the high net worth individual portion (HNI) by 4.82 times, the retail investor portion by 12.7 times and the portion reserved for employees was subscribed by 1.25 times.
The company had priced its IPO between Rs 113 to Rs 118 per share. The IPO comprised a fresh issue of Rs 250 crore and an offer for sale (OFS) of Rs 350 crore.
Through the IPO, the company was seeking valuations of about Rs 2,000
