/ S Chand To List On Exchanges On Tuesday ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 8 May 2017

As per the reports by the leading business daily, S Chand and Company Limited will be listing on the exchanges on Tuesday. The IPO issue had received huge response by reporting over subscription by 59.49 times.

As per the data available with the National Stock Exchange (NSE), the S Chand IPO issue got oversubscribed by the 44.72 times by the qualified institutional buyers, 204.65 times by the non-institutional investors and 6 .07 times by the retail individual investors.

Overall, the issue received bids for 45,56,00,794 shares against the total issue size of 76,85,284 shares. The company had raised nearly Rs 219 Cr from the anchor investors.

The company is going to raise funds through fresh issue of equity shares, aggregating up to Rs 3250 million. The company is also raising funds through offer for sale of 60,23,236 equity shares. The face value of equity shares is pegged at Rs 5 per share.

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