Corporate News Details
The Initial public offer (IPO) of Excel Infoways got subscribed only 6 per cent on the very first day of its issue on Tuesday.
The issue received bids for 3.32 lakh shares out of the total issue of over 56.67 lakh shares, about 6 per cent of the total shares on offer, as per the data available with the National Stock Exchange (NSE). The retail institutional investors' portion subscribed 12 per cent of the 19.83 lakh shares reserved for them, the data showed.
The price band for the issue has been fixed between Rs 80 and Rs 85 per equity share. The issue would close on July 17. The lead managers to the issue are Chartered Capital.
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