 "Garden Reach Shipbuilders adds to dull IPO scorecard: All you need to know")
Shapoorji Pallonji company Sterling & Wilson Solar’s initial public offering (IPO) managed to garner only 92 per cent subscription on Thursday, the last day of the issue. The qualified institutional buyer (QIB) portion of the issue, however, garnered full subscription. The high networth individual (HNI) portion of the issue was subscribed 89 per cent, while retail investor portion was subscribed 30 per cent.
Investment bankers said the IPO has gone through successfully thanks to the full subscription in the QIB portion. As the IPO was entirely an offer for sale (OFS), the issue size will be reduced to the extent
