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New Delhi, Jul 27 (PTI) The initial public offering (IPO) of Xtranet Technologies Ltd received 12.24 times subscription on the closing day of bidding on Monday.
The IPO received bids for 11,25,20,210 shares against 91,93,800 shares on offer, as per NSE data.
The category for non-institutional investors got subscribed 26.65 times, while the portion for retail investors received 8.98 times subscription. The portion for qualified institutional buyers (QIBs) fetched 7.13 times subscription.
The IPO of Xtranet Technologies Ltd was fully subscribed on the first day of bidding on Thursday last week.
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 price band for
the public offering is 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 the NSE on July 30. PTI SUM TRB
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