Basilic Fly Studio Limited NSE SME IPO garners subscription of 286.61 times

As per the detail available with NSE website, the IPO of Basilic Fly Studio Limited has garnered subscription for 1,46,06,82,000 equity shares against the offer of 50,96,400 equity shares, resulting in subscription of 286.61 times.

The Qualified Institutional Buyers (QIBs) portion received bids for 13,52,79,600 equity shares with Foreign Institutional Investors (FIIs) bidding for 4,98,75,600 equity shares and Domestic Financial Institutions (Banks / Financial Institutions(FIs) / Insurance Companies) for 1,66,45,200 equity shares. Others had bid for 6,87,58,800 equity shares.

The Retail Individual Investors (RIIs) portion received subscription for 84,50,46,000 equity shares with bids for 40,25,67,600 equity shares at cut-off price and through price bids for 44,24,78,400 equity shares.

The Non Institutional Investors portion of the issue received bids for 48,03,56,400 equity shares with bids for 41,62,74,000 equity shares from Individuals(Other than RIIs), 1,68,74,400 equity shares from Corporates and bids for 4,72,08,000 equity shares from others.

The company came with an Initial Public offer of 68,40,000 Equity Shares (Including Market Maker portion of 10,26,000 Equity Shares and anchor allocation of 17,43,600 Equity shares) at price band of Rs. 92 to Rs.97 through 100% book building route.

GYR Capital Advisors Private Limited was the Book Running Lead Managers to the issue.

Purva Sharegistry (India) Private Limited is the registrar to the company.

Source : Equity Bulls

Keywords

BasilicFlyStudio NSEEmerge SMEIPO FundRaising Oversubscription