New Delhi, Sep 18 (PTI) The initial public offering of SS Retail Ltd garnered 103.30 times subscription as the issue drew to a close on Friday.
The Rs 500-crore IPO received bids for 90,83,98,995 shares against 87,93,884 shares on offer, as per data available with the NSE.
The portion for Qualified Institutional Buyers (QIBs) attracted 203.61 times subscription. The category for non-institutional investors was subscribed 143.32 times and the retail quota was booked 36.36 times.
The IPO is a combination of a fresh issue, aggregating up to Rs 360 crore, and an offer-for-sale (OFS) of up to Rs 140 crore.
The price band for the IPO has been fixed at Rs 403-424 per share.
SS Retail is a multi-brand retail chain for mobile phones, accessories and other
electronic items.
Anand Rathi Advisors and Emkay Global Financial Services are the book-running lead managers to the offer. Shares of the company are proposed to be listed on the BSE and the NSE. PTI SUM SHM
