Man Infraconstruction IPO receives overwhelming response from QIBs

The Initial Public Offering (IPO) of Man Infraconstruction Limited has received overwhelming response from Qualified Institutional Buyers (QIBs). The QIB portion of the issue has received subscription of 96.0617 times with total bids for 217867826 equity shares against the offer of 2268000 equity shares.

The Foreign Institutional Investors (FIIs) bid for 150152464 equity shares, followed by Mutual Funds with bids for 32706696 equity shares.

Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) have bid for 27267130 equity shares and Others have bid for 7741536 equity shares.

The IPO received total subscription of 62.53 times.

Source : Equity Bulls

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