Transformers and Rectifiers to list on Dec 28
Transformers and Rectifiers to list on Dec 28
Listing date of Transformers and Rectifiers IPO is out.
The issue price has been fixed at Rs 465 per equity share (at the upper end of the price band) for its initial public offering (IPO) of 29,95,000 equity shares of Rs 10 each for cash, at a premium of Rs 455 per equity share. The price band was between Rs 425 to Rs 465 per equity share.
The issue was over-subscribed 91.31 times. The qualified institutional bidders (QIBs) portion was over-subscribed by approximately around 111 times; the non institutional bidders portion was over-subscribed by approximately 122 times; the retail bidder portion was oversubscribed by approximately around 58 times. The issue got bids for 27.35 crore shares as against 29.95 lakh shares on offer.
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
