You are here: Home » Markets » IPOs » News
Business Standard

IPO of Dilip Buildcon subscribed 20 times

Samie Modak  |  Mumbai 

The Rs 650-crore initial public offering (IPO) of infrastructure firm Dilip Buildcon saw 20 times more demand than shares on offer. The offering closed on Wednesday. The 21.4-million share offering saw 444 million bids, data provided by stock exchanges showed.

The high net worth (rich) investor portion of the IPO was subscribed around 80 times, while the institutional (big money) investor portion saw nearly 10 times more demand than shares on offer. Demand was lukewarm in the retail (small) investor segment, with the category seeing only two times subscription. Around 50 per cent of the ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 03 2016. 22:45 IST