Monte Carlo IPO oversubscribed on 2nd day of
issue
05/12/2014 18:13
The initial public offer of Monte Carlo Fashions was oversubscribed 1.71 times on the second day of offer on Thursday, reported PTI. The public offer received bids for over 65 lakh shares as against more than 38 lakh shares on offer, stock exchanges' data showed, as per the media reports. The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.77 times, while non-institutional investors portion got subscribed 0.07 times. Retail individual investors category was subscribed 2.38 times. Monte Carlo plans to raise about Rs 350 crore through IPO which closes on Friday. The price band of the issue has been fixed at Rs 630-645. The company has mopped up Rs 105 crore from anchor investors. Monte Carlo allotted more than 16.29 lakh shares to anchor investors at the price of Rs 645 a piece.
05/12/2014 18:13
The initial public offer of Monte Carlo Fashions was oversubscribed 1.71 times on the second day of offer on Thursday, reported PTI. The public offer received bids for over 65 lakh shares as against more than 38 lakh shares on offer, stock exchanges' data showed, as per the media reports. The portion reserved for qualified institutional buyers (QIBs) was subscribed 1.77 times, while non-institutional investors portion got subscribed 0.07 times. Retail individual investors category was subscribed 2.38 times. Monte Carlo plans to raise about Rs 350 crore through IPO which closes on Friday. The price band of the issue has been fixed at Rs 630-645. The company has mopped up Rs 105 crore from anchor investors. Monte Carlo allotted more than 16.29 lakh shares to anchor investors at the price of Rs 645 a piece.
