Runwal Enterprises IPO Subscription Update: Issue Subscribed 0.71 on Day 2
On the second day, Runwal Enterprises received bids for 85,19,238 shares against 1,21,11,294 shares available for subscription, according to NSE data. The Retail Individual Investors (RIIs) category was subscribed 0.41 times, while the Non-Institutional Investor (NII) category stood at 0.93 times. The QIB portion was subscribed 1.05 times, while the employee portion was subscribed 0.40 times at the time of the latest update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 1.05 |
| 2. | Non-Institutional Investors | 0.93 |
| 3. | Retail Individual Investors (RIIs) | 0.41 |
| 4. | Employees | 0.40 |
| - | Total | 0.70 |
Runwal Enterprises Overview & Purpose
Runwal Enterprises is offering a Rs 500 crore IPO, comprising an entirely fresh issue of up to 1.64 crore equity shares. The issue is priced in the range of Rs 290 to Rs 305 per share, with a minimum lot size of 49 shares.
The Company plans to utilise the net proceeds towards repayment or prepayment of certain outstanding borrowings, investment in its material subsidiaries for repayment or prepayment of their borrowings, funding acquisitions of future real estate projects and general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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