Supreme Infra IPO oversubscribes 52.66 times on closing
Supreme Infra IPO oversubscribes 52.66 times on closing
| Category | No.of times of total meant for category |
| Qualified Institutional Buyers (QIBs) | 5.3125 |
| Non-Institu itonal Investors (NII`s) |
3.9770 |
| Retail Individual Investors (RII`s) |
2.3532 |
Supreme Infrastructure India is into infrastructure development and primarily engaged in civil construction. Currently, it is engaged in the construction of roads, highways, widening of highways and execution of contracts National Highway Authority of India (NHAI), Mumbai Metropolitan Region Development Authority (MMRDA), etc.
The proceeds of the proposed IPO will be used to part-finance its expansion plans, m ainly for adding capacities in its RMC plants and meeting its long-term capital requirements. SIIL also plans to foray into the construction contracting activity in the real estate projects.
The shares of the company will be listed at the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).
The lead manager to the issue is Karvy Investor Services and the registrar to the issue is Bigshare Services.
Supreme Infra Ipo
