Surevin BPO Services’ IPO oversubscribed 4.08 times
DSIJ Intelligence / 01 Aug 2017
The initial public offer (IPO) of small and medium-sized enterprises (SMEs), Surevin BPO Services, which opened on July 28, 2017, was oversubscribed by 4.08 times on July 31 till 1800 hours.
The initial public offer (IPO) of small and medium-sized enterprises (SMEs), Surevin BPO Services, which opened on July 28, 2017, was oversubscribed by 4.08 times on July 31 till 1800 hours. The IPO will close on August 1, 2017.
The total issue size of the IPO is 9,12,000 shares (including market maker reservation portion of 48,000 equity shares).
The IPO price was fixed in a range of Rs 38 to Rs 40 per share for a face value of Rs 10 per share.
The total bids received stood at 37,20,000 shares as at 1800 hours on Monday, as per NSE data. Total bids received at cut-off price stood at 8,01,000 shares.
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.
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