IPO mart ignores Brexit anxiety, Mahanagar Gas sees brisk buying

The initial public giving (IPO) of Mahanagar Gas continued to check smart capitalist response on weekday, despite the fact that the problem had got signed totally on Day one itself.

By 10.40 am on weekday, the Rs 1,040 large integer issue had received bids for two,42,66,620 shares, that were one.39 times the whole issue size of one,73,46,150 shares, information obtainable with stock exchanges animal disease and nse showed. the problem witnessed one.10 times subscription on Day one.

Investors Bade for one,33,87,360 shares, or 0.77 times the problem size on NSE. On BSE, 1,08,79,260 shares were bid for, accounting for zero.62 times the problem size.

The sole provider of CNG and PNG in Mumbai and therefore the abutting areas of Thane and Navi Mumbai has set the worth band for its initial public giving (IPO) at Rs 380-421.The company has put aside fifty per cent of the quota for qualified institutional consumers (QIBs). Non-institutional bidders are issued less than fifteen per cent of the problem size. The remaining thirty five per cent quota has been marked for retail investors.

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