The initial public offer (IPO) of Shriram Properties was subscribed 1.7 times on Thursday, a day ahead of its close. The institutional bucket was subscribed 13 per cent, the high net worth individual portion (HNI) by 19 per cent, the retail investor portion by 8.7 times and the portion reserved for employees was subscribed by 80 per cent. The company has priced its IPO between Rs 113 to Rs 118 per share. The IPO comprises a fresh issue of Rs 250 crore and an offer for sale (OFS) of Rs 350 crore. The company has already raised Rs 264 crore
Shriram Properties IPO subscribed 1.7x on Day-2 on retail interest
MapmyIndia IPO subscribed 2x on opening day
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