Titagarh Wagons IPO Subscription Details at the end of Third Day
The initial public offering (IPO) of Titagarh Wagons was almost fully subscribed by the end of the third day of the issue today. The IPO received bids for 23.53 lakh shares as against 23.83 lakh shares on offer. The issue was subscribed 0.99 times.
The retail portion was subscribed by meager 0.07 times while the qualified institutional buyers (QIBs) portion was subscribed 1.59 times and the non-institutional investors portion was subscribed 0.17 times. Employee reservation portion got no response.
Titagarh Wagons, a private sector railway wagon manufacturer in India, has set Rs 540 - Rs 610 per share price band for the IPO.
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