Milton Industries Limited NSE SME Exchange IPO subscribed 13.86 times

The Initial Public Offering of Milton Industries Limited has received subscription of 13.86 times with total bids for 58212000 equity shares against the offer of 4200000 equity shares.

The Qualified Institutional Buyers(QIBs) portion of the issue received bids for 0 shares.

The Non Institutional Investors portion of the issue received bids for 2,21,40,000 equity shares. Out of the above, Corporates applied for 5,24,000 equity shares, Individuals(Other than RIIs) have bid for 2,15,24,000 equity shares and others for 92,000 equity shares.

The Retail Individual Investors(RIIs) portion of the issue received bids for 3,60,72,000 equity shares.

The company came out with a public issue of 42,00,000 Equity Shares (including Market Maker reservation portion of 2,16,000 equity shares) at a fixed price of Rs. 34 (Face Value: Rs. 10, Premium: Rs. 24).

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

Source : Equity Bulls

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