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JSW Cement IPO: JSW Cement’s initial public offering (IPO) has been subscribed 4.87 times on the final day of bidding, Monday (August 11). According to the BSE data, the IPO bids for 88,23,09,384 shares against the 18,12,94,964 shares on offer.
Among investor categories, retail individual investors (RIIs) subscribed 1.35 times their allotted portion, while non-institutional investors subscribed 4.76 times. Meanwhile, qualified institutional buyers (QIBs) subscribed 11.10 per cent.
On Wednesday, the company raised Rs 1,080 crore from anchor investors. The IPO is priced in the range of Rs 139 – Rs 147 per share,valued at about Rs 20,000 crore at the upper end.
The IPO comprises a fresh share sale worth Rs 1,600 crore and an offer-for-sale (OFS) of Rs 2,000 crore by existing shareholders. The offering closes on August 11.
(This story will be updated soon.)
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