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Sep 22, 2017 12:24 PM IST | Source: Moneycontrol.com

Capacit'e Infraprojects to list equity shares on exchanges on September 25

The Rs 400-crore initial public offering of Capacit'e has oversubscribed 183.03 times.

Capacit'e Infraprojects to list equity shares on exchanges on September 25

Moneycontrol News

Construction company Capacit'e Infraprojects will make a debut on exchanges on September 25. The issue price is fixed at Rs 250 per share.

Given the overwhelming response to the issue, the grey market premium suggests the listing could be with a premium of more than Rs 125-130 per share, sources said.

The Rs 400-crore initial public offering of Capacit'e has oversubscribed 183.03 times.

The IPO has received bids for 209.17 crore equity shares against total issue size of 1.14 crore shares (excluding anchor investors' portion), aided largely by institutional investors.

The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 131.32 times, non institutional investors 638.05 times and retail investors 17.57 times.

Capacit'e Infraprojects, which raised Rs 120 crore from anchor investors, will utilise issue proceeds for funding working capital requirements, purchase of capital assets and general corporate purposes.

The issue opened for subscription during September 13-15, with a price band of Rs 245-250 per share.
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