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IPO of Dilip Buildcon subscribed 20 times

TheRs650-croreinitialpublicoffering(IPO)ofinfrastructurefirmDilipBuildconsaw20timesmoredemandthansharesonoffer.TheofferingclosedonWednesday.The21.4-millionshareofferingsaw444millionbids,dataprovidedbystockexchangesshowed. Thehighnetworth(rich)investorportionoftheIPOwassubscribedaround80times,whiletheinstitutional(bigmoney)investorportionsawnearly10timesmoredemandthansharesonoffer.Demandwaslukewarmintheretail(small)investorsegment,withthecategoryseeingonlytwotimessubscription.Around50percentofthe ...