Thursday, March 9, 2017

DMart IPO subscribed 5.71 times on Day 2

DMart IPO subscribed 5.71 times on it's second day. The IPO is available for subscription till tomorrow March 10, 2017 in a price band of 295 to 299. Minimum bid lot is 50 shares and in multiples of 50 thereafter. Retail Investors bidding at cut off price for 1 lot (50 shares) will require Rs 14,950 (50*299). IPO shares are proposed to be list on the BSE and NSE.

Issue Subscription Detail:

Qualified Institutional Buyers (QIBs): 9.14 times
Non Institutional Investors (NII): 4.97 times
Retail Individual Investors (RIIs): 4.06 times
Total: 5.71 times