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Bharti Infratel subscribed 35% on Day 2 PC Jeweller 6.83 times

Source : BUSINESS_STANDARD
Last Updated: Wed, Dec 12, 2012 21:39 hrs
Bharti Infratel IPO set to raise nearly Rs. 4,500 crore

The Rs 4,500-crore offering of Bharti Infratel received 35 per cent subscription on the second day, largely from institutional investors.

The qualified institutional buyers (QIBs) portion of the issue was subscribed 81 per cent, while the retail and high net worth individual (HNI) categories received only a few bids. Bharti Infratel closes for QIB investors tomorrow and a day later from other categories of investors.

The Rs 609-crore issue of PC Jeweller, which closed on Wednesday, received 6.83 times subscription, with bids worth more than Rs 4,000 crore. The QIB category was subscribed 7.33 times, HNI portion got 18.12 times subscription and the retail investor category was subscribed about 1.65 times.

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