Manas Polymers and Energies Ltd. IPO Closes Day Three With 1.24x Subscriptions; FII-Ex Anchor Leads

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Mumbai (Maharashtra) [India], October 1: Manas Polymers and Energies Limited priced its IPO in the ₹76-₹81 per share range and, by 5:10 PM on the final day, drew steady investor interest. The ₹23.52 crore issue accumulated 1.24x subscriptions, up from day two’s 0.05x, with total applications numbering 140. The cumulative bid amount stood at ₹27.68 crore, surpassing the offer size.

On Day Three, institutional demand excluding anchors led the pack, with qualified institutional buyers at 6.66x, improving from Day Two’s 0.00x….



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Manas Polymers and Energies Ltd. IPO Closes Day Three With 1.24x Subscriptions; FII-Ex Anchor Leads


Mumbai (Maharashtra) [India], October 1: Manas Polymers and Energies Limited priced its IPO in the ₹76-₹81 per share range and, by 5:10 PM on the final day, drew steady investor interest. The ₹23.52 crore issue accumulated 1.24x subscriptions, up from day two’s 0.05x, with total applications numbering 140. The cumulative bid amount stood at ₹27.68 crore, surpassing the offer size.

On Day Three, institutional demand excluding anchors led the pack, with qualified institutional buyers at 6.66x, improving from Day Two’s 0.00x….



Source link

Disclaimer

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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