Corporate News Details
Mahindra Holidays and Resorts India (MHRIL) has fixed the price for its Initial Public Offering (IPO) at Rs 300 per equity share. The issue opened on June 23 and closed on June 26 and the price band was fixed between Rs 275 and Rs 325 per equity share, a press release issued here said. The IPO comprised of an issue of 92,65,275 equity shares of Rs 10 each for cash at a price to be decided through the 100 per cent book-building process.
As per initial data available on the NSE website, the issue got subscribed 9.8 times with the QIB portion subscribed around 12.83 times while HNIs around 11.01 times and retail around 3.3 times, the release said. At the top end of the price band (Rs 325), the overall issue was subscribed around 7.13 times with the QIB bucket around 8.56 times. The retail investors' portion was subscribed around 3.36 times. The issue received bids for 9,08,33,800 shares as against the issue size of 92,65,275 shares, the release said.
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