RK Swamy IPO subscribed 2.18x on day-1
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New Delhi: The initial public offering of integrated marketing services firm RK Swamy was subscribed 2.18 times on the first day of bidding on Monday. The Rs423.56 crore-initial share sale received bids for 1,79,73,350 shares against 82,32,946 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) got subscribed 7.84 times and non-institutional investors part received 2.97 times subscription. The quota for Qualified Institutional Buyers (QIBs) got subscribed 1 per cent.
The Initial Public Offering (IPO) has a fresh issue of up to Rs173 crore and an Offer For Sale (OFS) of up to 87 lakh equity shares worth Rs250.56 crore at the upper end of the price band. The IPO comes in a price range of Rs270-288 a share. RK Swamy Ltd on Friday said it has collected Rs187 crore from anchor investors.
