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Sigachi Industries IPO subscribed 101.91 times on last day of the offer

The initial public offer of the company received a whopping 101.91 times subscription

Topics
initial public offering (IPO) | SEBI | IPO activity

Press Trust of India  |  New Delhi 

ipo
The portion for non-institutional investors was subscribed 172.43 times, those meant for Qualified Institutional Buyers (QIBs) 86.51 times and Retail Individual Investors (RIIs) 80.49 times

The initial public offer of microcrystalline cellulose manufacturer Sigachi Industries received a whopping 101.91 times subscription on the last day of the offer on Wednesday.

The IPO received bids for 54,89,47,440 shares against 53,86,500 shares on offer, according to NSE data.

The portion for non-institutional investors was subscribed 172.43 times, those meant for Qualified Institutional Buyers (QIBs) 86.51 times and Retail Individual Investors (RIIs) 80.49 times.

Price range for the Rs 125.42 crore-offer was at Rs 161-163 per share. Unistone Capital Private Limited was the manager to the offer.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, November 03 2021. 22:07 IST
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