Total Transport Systems IPO oversubscribed 129.90 times
DSIJ Intelligence / 29 Jul 2017
The initial public offer (IPO) of SME Total Transport Systems Limited, which opened on July 25, 2017, was oversubscribed 129.90 times. The IPO closed at 1730 hours on Friday.
The initial public offer (IPO) of SME Total Transport Systems Limited, which opened on July 25, 2017, was oversubscribed 129.90 times. The IPO closed at 1730 hours on Friday.
The total issue size of the IPO was 37,80,000 shares. The IPO price was fixed at Rs 45 per share for a face value of Rs 10 per share. The total bids received stood at 49,10,22,000 shares as at 1730 hours on Friday, as per the NSE data. The minimum order quantity for one market lot was 3,000 equity shares while the maximum subscription amount for the retail investor was Rs 2,00,000.
Another SME IPO of Keerti Knowledge and Skills was oversubscribed 1.81 times. The IPO opened on July 24 and will close on July 28, 2017. The total issue size of the IPO is 7,80,000 shares. The IPO price was fixed at Rs 52 per share of face value of Rs 10 per share. The total bids received stood at 14,12,000 shares as at 1730 hours on Friday, as per the NSE data.
The minimum order quantity is one market lot of the IPO which consists of 2,000 equity shares while the maximum subscription amount for the retail investor is Rs 2,00,000.
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