New Delhi: The initial public offer of railways consultancy firm RITES was oversubscribed 2.11 times on the second day of bidding on Thursday. The share sale to raise about Rs 466 crore received bids for 5,32,54,320 shares against the total issue size of 2,52,00,000 shares, as per NSE data. The category set aside for qualified institutional buyers (QIBs) was subscribed 32 per cent, non institutional investors 49% and retail investors 5.59 times. Till Wednesday, the IPO was subscribed 60%. The price band for the issue has been fixed at Rs 180-185 per share. PTI
Most Read In 24 Hours
Don't Miss
View All
Top News
Lok Sabha Election 2024 Phase 3 LIVE: Polling under way in 93 constituencies; 10.81 per cent voter turnout in first two hours
In this phase, more than 1,300 candidates, including around ...
Excise policy case: Supreme Court questions ED over delay in probe, asks for case files before Kejriwal's arrest
The bench also asked why relevant direct questions were not ...
Indian-origin astronaut Sunita Williams' 3rd space mission called off due to technical glitch
A valve snag in the rocket's upper stage forced mission man...
‘I cannot leave the film industry...’: BJP candidate Kangana Ranaut on working in Bollywood
The BJP has fielded Kangana from Himachal Pradesh's Mandi in...
ED arrests Jharkhand minister's secy, latter's domestic help after cash haul
The duo have been taken into custody under the provisions of...
