Akruti Nirman IPO subscribed 3.20 times

Mumbai, Jan 18 (UNI) The IPO of Akruti Nirman, so far, has received bids for 2,14,43,184 crore shares, which is 3.20 times the total issue size of 67 lakh shares, brokers said.

At the end of the third day of the opening of Akruti Nirman IPO, the total QIB subscription for the IPO is 1,90,47,444 crore. The Foreign Institutional Investors(FIIs) bid for 1,90,47,384 crore shares while domestic financial institution bid 60 shares. There has not been a single bid by mutual funds in the IPO so far.

HNI subscriptions stand at 18,63,264 out of which corporates have bid for 18,51,852 and individuals have bid 10,656 shares.

Retail investors have subscribed to 3,66,684 lakh shares, of which, 3,41,076 shares are at the cut-off price and 25,608 are price bids, brokers added.

UNI