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V-Mart Retail Ltd's IPO Fully Subscribed-CNBC-TV18


Tuesday, 5 Feb 2013 06:56am EST 

CNBC-TV18 reported that the Initial Public Offer (IPO) of multi-brand retail chain V-Mart Retail has subscribed 1.16 times. The issue of 38.21 lakh (3.821 million) equity shares (excluding anchor portion) received bids for 44.36 lakh (4.436 million) shares. Maximum bids were received in the price range of INR195-210 as against issue price band of INR195-215 a share. Retail chain operator already raised INR14.162 crore (INR141.62 million) through anchor investors' portion and allocated 6,74,400 equity shares to anchor investors at a price of INR210 per share. Funds raised through fresh issue are proposed to be used for opening 60 new stores, expansion of distribution centres, working capital requirements and general corporate purposes. Anand Rathi Advisors Limited is the book running lead manager to the issue. 

Company Quote

530.3
3.45 +0.65%
26 Dec 2014