Mahindra Holidays IPO subscribed 40% second day of issue…
- Mahindra Holidays & Resorts initial public offer (IPO) got subscribed 40 per cent on the second day of its issue on Wednesday with most of the bids coming in from institutional investors.
- The issue received bids for 37.21 lakh shares, representing 0.40 times of the shares on offer, as per data available with the National Stock Exchange.
- The price band for the issue has been fixed between Rs 275 and Rs 325 per equity share.
- Qualified institutional buyers, which include foreign institutional investors (FIIs) and mutual funds, subscribed 63 per cent of the 55.59 lakh shares reserved for them, the NSE data shows.
- The issue received 1.85 lakh bids (0.06 times) from the retail institutional investors, for which the company has reserved 27.79 lakh shares.
- The company has come out with an IPO of over 92.65 lakh shares and the issue would close on June 26.
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