H G Infra Engineering IPO oversubscribed 3 times 01/03/2018

H G Infra Engineering IPO oversubscribed 3 times
01/03/2018
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The initial public offer of HG Infra Engineering was oversubscribed 3 times so far on the last day of bidding, reported PTI. The IPO received bids for 3,73,68,100 shares against the total issue size of 1,21,37,070 shares, data available with the NSE showed. Till yesterday, the IPO was subscribed 44 per cent. The offer consists a fresh issue of up to Rs 3,000 million and an offer for sale (OFS) of up to 6,000,000 shares (excluding anchor portion of 5,133,150 shares). The issue is in a price band of Rs 263-270. HG Infra Engineering has garnered over Rs 138 crore from anchor investors last week.

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