Retail Portion was subscribed 2.72 times and Non-Institutional Investors Portion 6.28 times.
MUMBAI, July 3 (The CONNECT)- The Initial Public Offering of Crizac Limited was subscribed 2.75 times today, the second day of bidding.
The issue received bids of 7,09,51,174 shares against the offered 2,58,36,909 equity shares, at a price band of ₹233-245, according to the data available on the stock exchanges.
Retail Portion and Non-Institutional Investors Portion were subscribed 2.72 times and 6.28 times respectively, whereas Qualified Institutional Buyer Portion subscribed 0.15 times. The issue will close tomorrow.
Also read: Crizac IPO subscribed 46% on Day 1
Leading brokerage firms like Nirmal Bang, SBI Securities, Geojit Securities, Choice Securities, Chola Securities, SMIFS, Ventura Securities, Canara Bank Securities, BP Wealth, Hem Securities, and Marwadi Financial Services have given a “Subscribe” rating to the issue highlighting the company’s strong presence in student enrolments, particularly in the UK and Canada.
