 "IPO, Bharat Dynamics IPO")
The Rs 9.6-billion initial public offering (IPO) of state-run Bharat Dynamics received a lukewarm response.
The share sale was subscribed just 1.3 times with high net-worth individual (HNI) and employee portion failing to garner full subscription.
The institutional investor portion of the IPO was subscribed 1.5 times and the retail portion had garnered 1.4 times subscription, as on 5 pm. Bharat Dynamics’ IPO is entirely an offer for sale by the government as part of 2017-18 disinvestment programme.
Hyderabad-based Bharat Dynamics is a manufacturer of defence equipment. The price band for the IPO is Rs 413 to
The share sale was subscribed just 1.3 times with high net-worth individual (HNI) and employee portion failing to garner full subscription.
The institutional investor portion of the IPO was subscribed 1.5 times and the retail portion had garnered 1.4 times subscription, as on 5 pm. Bharat Dynamics’ IPO is entirely an offer for sale by the government as part of 2017-18 disinvestment programme.
Hyderabad-based Bharat Dynamics is a manufacturer of defence equipment. The price band for the IPO is Rs 413 to
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