Infrastructure firm Dilip Buildcon’s initial public offering garnered 70 per cent subscription on the second day of the issue today.
The public issue received bids for over 1.48 crore shares as against more than 2.13 crore on offer till 1700 hours, according to latest update available with National Stock Exchange (NSE).
The company, on Friday, raised a little over ₹ 196 crore by allotting 89.58 lakh shares to anchor investors at a price of ₹ 219 apiece.
The anchor investors include Smallcap World Fund, Abu Dhabi Investment Authority, HDFC Trustee Company, Nomura Singapore, DB International (Asia), IDFC Infrastructure Fund and East Bridge Capital Master Fund.
The company has fixed the price band at ₹ 214-219 per share. At the upper limit, the company is expected to raise around ₹ 654 crore.
The bidding for the IPO will conclude tomorrow.