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Nov 09, 2017 06:25 PM IST | Source: Moneycontrol.com

ANI Integrated Services SME IPO oversubscribed 9.14 times on Day 2

The reserved category of retail investors has oversubscribed 17.94 times and high networth individuals 1.21 times.

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The SME public issue of ANI Integrated Services has been oversubscribed 9.14 times on Thursday, as per data available on the NSE.

The issue has received bids for 2,34,51,600 equity shares against IPO size of 25,65,600 shares.

The reserved category of retail investors has oversubscribed 17.94 times and high networth individuals 1.21 times.

The initial Public Issue of ANI Integrated Services will close on November 10, 2017.

The company is expected to raise Rs 25.65 crore through the issue, at a price of Rs 100 per share.

The issue consists of a fresh issue of 16,87,200 equity shares and 8,78,400 equity shares through an offer for sale by promoters Navin Nandkumar Korpe, Anita Korpe, Akshay Korpe and Kedar Korpe.

Hem Securities Limited is the book running lead manager to the issue.
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