Reliable Data Services Limited NSE SME IPO receives subscription of 45.08 times

The Initial Public Offering (IPO) of SME company Reliable Data Services Limited at NSE SME Exchange has received total bids for 11,72,10,000 equity shares resulting in a subscription of 45.08 times.

The Qualified Institutional Buyers(QIBs) portion of the issue received bids for 0 equity shares. The Qualified Institutional Buyers(QIBs) portion includes Foreign Institutional Investors(FIIs), Domestic Financial Institutions(Banks / Financial Institutions(FIs) / Insurance Companies), Mutual funds and others.

The Non Institutional Investors portion of the issue received subscription for 10,05,18,000 equity shares. Out of the above, Corporates applied for 80,00,000 equity shares, Individuals(Other than RIIs) have subscribed for 9,24,72,000 equity shares and others for 46,000 equity shares.

The Retail Individual Investors(RIIs) portion received bids for 1,66,92,000 equity shares. Out of the above, subscription for 0 equity shares were at Cut Off price and the balance of 1,66,92,000 equity shares were through price bids.

The company came out with Public issue of 26,00,000 Equity Shares (including Market Maker reservation portion of 1,40,000 equity shares) at a fixed price of Rs 57. The Face Value of each share is Rs. 10.

Swastika Investmart Limited was the Book Running Lead Manager to the issue. Skyline Financial Services Private Limited is the registrar to the company.

Source : Equity Bulls

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