Titagarh Wagons IPO Over-subscription
Titagarh Wagons IPO subscribed 1.71 times
The initial public offering of Titagarh Wagons was subscribed 1.71 times as at 12:00 pm, on the last day of the issue, according to data available on the NSE.
So far 40,67,030 bids have been submitted against 23,83,768 shares on offer. Around 55,550 bids were received at the cut off price.
Qualified institutional buyers have bid 1.5915 times the 14,21,261 shares allocated for allotment, non-institutional investors have so far subscribed their allocation of 2,36,877 around 0.17 times. Retail investors have bid 0.072 times the 7,10,630 shares on offer.
The issue opened on Monday in the price band of Rs 540-610 per share.
The issue consists of a net issue of 23,68,768 shares and reservation of up to 15,000 shares for employees
