Uttam Sugar Mills IPO subscribed 4.8 times

The Initial Public Offering of Uttam Sugar Mills Ltd has got subscription of 4.8 times. The company came out with an IPO of 40,00,000 equity shares at a price band of Rs.290 to Rs.340 per share. The issue opened on March 16 and closed on March 21.

The Qualified Institutional Bidders portion of the issue received response for 5.5252 times, Non Institutional Investors 1.5979 times and the Retail Individual Investors (RIIs) 4.4239 times.

Source : Equity Bulls

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