Moneycontrol Presented by Motilal Oswal
Days hours minutes
Nerolac
Presented by :

Co-Presenting Sponsor :

Capital Trade

Powered by :

Godrej Properties

Associate Sponsors :

Aegon Life
LIC Housing Finance
Indiabulls
DHFL

Co-Presenting Sponsor

Capital Trade

Associate Sponsors

  • Indiabulls
  • Aegon Life
  • LIC Housing Finance
  • DHFL
you are here: HomeNewsBusiness
Jan 11, 2018 08:04 PM IST | Source: PTI

Apollo Micro Systems IPO subscribed nine times on Day 2

The IPO, to raise Rs 156 crore, received bids for 3,72,44,150 shares against the total issue size of 41,44,955 shares, data available with the NSE showed.

The initial public offer (IPO) of Apollo Micro Systems, which caters primarily to the defence and aerospace sectors, was subscribed 9 times on the second day of bidding on Thursday.

The IPO, to raise Rs 156 crore, received bids for 3,72,44,150 shares against the total issue size of 41,44,955 shares, data available with the NSE showed.

The category set aside for qualified institutional buyers (QIBs) was subscribed 3.25 times, non institutional investors 1.58 times and retail investors 15.14 times.

Till yesterday the IPO was subscribed 2.14 times.

Apollo Micro Systems on Tuesday raised nearly Rs 47 crore from anchor investors.

Price band for the offer, which would close tomorrow, has been fixed at Rs 270-275.

Proceeds of the IPO, through which Apollo Micro Systems is estimated to raise Rs 156 crore, will be used to meet additional working capital and other general corporate purposes.

Shares of the company will be listed on NSE and BSE.

Aryaman Financial Services Limited is the book running lead manager to the offer.
Sections
Follow us on
Available On