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Capacit’e Infraprojects IPO Subscribed 1.32 Times On First Day Of Bidding

Day 1 Subscription

  • Qualified institutional buyers: 1.77 times
  • Non-institutional investors: 0.11 times
  • Retail investors: 1.58 times
  • Overall: 1.32 times

Capacit'e Infraprojects Ltd.’s Rs 400-crore initial public offering, which opened on Wednesday, was subscribed 1.32 times by end of day.

The public issue of the construction service provider received bids for 1.48 crore shares compared to the 1.12 crore shares put on offer as of 5:00 pm, according to documents shared by lead banker Axis Capital.

The portion set aside for qualified institutional buyers (QIBs) was subscribed 1.77 times while the non-institutional investors’ segment was subscribed 0.11 times. The retail investor category witnessed a demand for 1.58 times the number of shares on offer.

Capacit'e Infraprojects raised Rs 120 crore from 15 anchor investors on Tuesday ahead of the launch of its IPO.

The offer entails the sale of up to 1.6 crore shares, and will close on September 15. The proceeds will be used for working capital requirements and to acquire equipment, Capacit’e Infraprojects had said in its draft prospectus.

Axis Capital, IIFL Holdings and Vivro Financial Services are the book running lead managers to the issue.

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