The initial public offering (IPO) of ARSS Infrastructure Projects has been subscribed 47.62 times, according to the latest data available on the National Stock Exchange website. Qualified institutional buyers portion was subscribed 49.34 times.
High net worth individual investors and retail portions were subscribed 124.52 and 18.54 times, respectively. The company plans to raise Rs 103 crore in a price band of Rs 410-450. With this subscription, the issue has received bids in excess of Rs 4,900 crore.
