Carraro India IPO subscribed 1.12 times on final day of bidding offer

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Carraro India IPO subscribed 1.12 times on final day of bidding offer - Business Standard

Quick Summary:

Carraro India's IPO is completely an offer-for-sale (OFS) of shares worth Rs 1,250 crore by Carraro International SE, with no fresh issue component, according to the red herring prospectus.

The initial share sale of Carraro India Ltd got subscribed 1.12 times on the last day of bidding on Tuesday.

The qualified institutional buyers (QIBs) part got subscribed 2.21 times, while the retail individual investors (RIIs) portion received 71 per cent subscriptions.