Hariom Pipe's IPO subscribed 7.93x
The Rs130-crore initial public offering (IPO) of Hariom Pipe Industries was subscribed 7.93 times on the final day of bidding on Tuesday on the back of a strong support from retail investors.
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New Delhi: The Rs130-crore initial public offering (IPO) of Hariom Pipe Industries was subscribed 7.93 times on the final day of bidding on Tuesday on the back of a strong support from retail investors.
The public issue received bids for 6.74 crore shares as against the 85 lakh on offer, translating into a subscription of 7.93 times, according to the data available on NSE website.
The IPO received robust response from retail investor as the portion set aside for them was subscribed the most at 12.15 times, followed by non-institutional investors (8.87 times) and qualified institutional buyers (1.91 times).
The issue, which kicked off for subscription on March 30, concluded on April 5.
