V-Guard has Fixed Issue Price at Rs. 82
V-Guard Industries has fixed the issue price at Rs 82 per equity share. If you have read here before that the IPO issue price was between Rs 80 and 85.
The company had come out with a public issue of 80,00,000 equity shares of Rs 10 each for cash at a price of Rs 82 per equity share for cash aggregating to Rs 65.60 crore out of which 4,00,000 equity shares have been reserved for eligible employees. The net issue to the public will be 76,00,000 equity shares of Rs 10 each for cash at a price of Rs 82 per equity share for cash aggregating to Rs 62.32 crore. The issue will constitute 26.80% of the fully diluted post issue paid-up capital of the company and the net issue to public will constitute 25.46% of the fully diluted post issue paid-up capital of the company.
The issue was oversubscribed 2.70 times. The issue received an good response with the qualified institutional buyers’ portion being oversubscribed by more than 1.74 times, the retail portion by 4.24 times and the HNI portion by 2.92 times. Anand Rathi Securities Limited is the book running lead manager to the IPO and Intime Spectrum Registry Limited is the registrar to the issue. We will soon give you a link for V-Guard IPO allotment status here to check your alloted shares.
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[...] the V-Guard issue price fixing at Rs 82, it’s time to check V-Guard IPO allotment status here. The issue was oversubscribed [...]