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The IPO of Sadbhav Infrastructure Project received bids for 20.23 per cent of the issue size of over 2.85 crore shares with one day to go for closing of subscription. Sadbhav plans to raise ₹425 crore through fresh issue of equity shares and an offer-for-sale of up to 32.36 lakh equity shares by existing investors, including the anchor investor portion.
The price band has been fixed at ₹100-103 a share. Inga Capital, Kotak Mahindra Capital, Macquarie Capital Securities (India), ICICI Securities and Edelweiss Financial Services are book running lead managers and Link Intime the registrar to the issue.
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