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The retail investors’ portion was oversubscribed 1.04X, receiving bids for 24.7 Lakh shares as against 23.7 Lakh shares on offer
NIIs bid for 6.9 Lakh shares as against the 35.68 Lakh shares reserved for them, resulting in 19% subscription
The company is eyeing a post-issue implied market cap of INR 1,799 Cr (around $209 Mn) at the upper price band of INR 222
Update | June 18, 8:03 PM
ArisInfra Solutions’ IPO ended the first day of bidding with an overall…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
The retail investors’ portion was oversubscribed 1.04X, receiving bids for 24.7 Lakh shares as against 23.7 Lakh shares on offer
NIIs bid for 6.9 Lakh shares as against the 35.68 Lakh shares reserved for them, resulting in 19% subscription
The company is eyeing a post-issue implied market cap of INR 1,799 Cr (around $209 Mn) at the upper price band of INR 222
Update | June 18, 8:03 PM
ArisInfra Solutions’ IPO ended the first day of bidding with an overall…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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