Emmforce Autotech IPO obtained an awesome response with the problem getting oversubscribed 365 occasions on the final day of bidding. The general subscription breakdown is as follows:
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Certified Establishments (QIB) subscribed 160.58 occasions
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Non-institutional consumers (NII) subscribed 861.98 occasions
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Retail buyers subscribed 267.62 occasions
*knowledge as per chittorgarh.com.
The bidding for the SME IPO opened on April 23 and ended on April 25. The Rs 53.90 crore preliminary share sale obtained bids for 1,33,27,10,400 shares towards 36,57,600 shares on provide, the corporate mentioned. On Monday, Emmforce AutoTech Ltd mentioned it had raised Rs 15.34 crore from anchor buyers.
The value band was set between Rs 93 to Rs 98 per share.
The allotment for Emmforce Autotech IPO is more likely to be finalised on Friday, April 26.