Repco Home Finance IPO fully subscribed
The 1.57 crore equity shares' public issue of Repco Home Finance, NHB-registered housing finance company promoted by Government of India enterprise Repco Bank, has received good response on Friday, the last day for subscripion.
March 18, 2013 / 16:04 IST
The 1.57 crore equity shares' public issue of Repco Home Finance, NHB-registered housing finance company promoted by Government of India enterprise Repco Bank, has received good response on Friday, the last day for subscripion.
The issue has subscribed 1.62 times at 16 hours IST, as per data available on National Stock Exchange website.Bids were received for more than 2.17 crore equity shares as against issue size of 1.34 crore shares (excluding anchor investors' portion).Repco intends to raise more than Rs 270 crore through the issue at higher end of price band of Rs 165-172 per equity share. It already raised more than Rs 40 crore from anchor investors on Tuesday, a day before the issue opened. It allocated 23,31,039 equity shares to 12 anchor investors at higher end of price band. The book running lead managers to the issue are SBI Capital Markets Limited, IDFC Capital Limited and JM Financial Institutional Securities Private Limited. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
