Ceigall India IPO gets fully subscribed on the second day of offer

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Ceigall India IPO gets fully subscribed on the second day of offer - Business Standard

Quick Summary:

The initial public offer of infrastructure company Ceigall India got fully subscribed on the second day of subscription on Friday.The Rs 1,252.66-crore initial share sale received bids for 2,74,18,073 shares against 2,23,13,663 shares on offer, as per the NSE data.

The category for non-institutional investors received 1.75 times subscription, while the retail individual investors portion got subscribed 1.65 times subscription.

The initial public offering (IPO) has a price band of Rs 380-401 per share.