CMM Infraprojects Limited NSE SME IPO receives subscription of 1.67 times

The Initial Public Offering (IPO) of SME company CMM Infraprojects Limited at NSE SME Exchange has received total bids for 7611000 equity shares resulting in a subscription of 1.67 times.

The Qualified Institutional Buyers(QIBs) portion of the issue received bids for 9,75,000 equity shares. Out of the above, Foreign Institutional Investors(FIIs) applied for 9,15,000 equity shares and other applied for 60,000 equity shares.

The Non Institutional Investors portion of the issue received subscription for 28,68,000 equity shares. Out of the above, Corporates applied for 9,45,000 equity shares, Individuals(Other than RIIs) have subscribed for 18,21,000 equity shares and others for 1,02,000 equity shares.

The Retail Individual Investors(RIIs) portion received bids for 37,68,000 equity shares. Out of the above, subscription for 0 equity shares were at Cut Off price and the balance of 37,68,000 equity shares were through price bids.

The company came out with Public issue of 45,45,000 Equity Shares (including Market Maker reservation portion of 2,28,000 equity shares) at a fixed price of Rs 40. The Face Value of each share is Rs. 10.

SYSTEMATIX CORPORATE SERVICES LIMITED was the Book Running Lead Manager to the issue. Linkintime India Private Limited is the registrar to the company.

Source : Equity Bulls

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