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The ₹2,200-crore IPO of Equitas Holdings has received an overwhelming response from all kinds of investors. The first IPO of this fiscal was subscribed by 17.20 times.
The IPO received total bids for 239.51 crore shares as against the issue size of 13.919 crore shares, implying a subscription of 17.20 times, according to exchange data till 1950 hours. While the retail portion got subscribed by 1.6 times, HNIs’ portion witnessed a huge response of 57.3 times. Qualified institutional buyers portion subscribed by 14.93 times.
The company has raised ₹652 crore from anchor investors.
Equitas Holdings has fixed the price band at ₹109-110 a share.
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