New Delhi, Jul 23 (PTI) The initial public offering of Xtranet Technologies Ltd was fully subscribed on the first day of bidding on Thursday.
The IPO received bids for 1,01,58,060 shares against 91,93,800 shares on offer, leading to an overall subscription of 1.10 times, as per NSE data.
The retail portion of the IPO was subscribed 1.37 times, while the quota for the Qualified Institutional Buyers (QIBs) was booked 91 per cent. The non-institutional investors’ category was subscribed 75 per cent.
Ahead of the IPO, Xtranet Technologies allotted 39.40 lakh equity shares to anchor investors at Rs 127 apiece, raising about Rs 50 crore.
The IPO of Xtranet Technologies will close on July 27.
The price band for the public offer has been fixed at Rs 120-127
per share.
The company offers a wide range of IT & IT-enabled services.
Share India Capital Services Private Ltd is the book-running lead manager to the offer.
Shares of the company are proposed to be listed on the BSE and NSE on Jul 30. PTI SUM SHM
