Retail Portion of IL&FS Transportation Networks IPO subscribed 4.5636 times

The Retail Portion of IL&FS Transportation Networks IPO has received subscription of 4.5636 times.

The Retail Individual Investors (RIIs) portion of the issue has received total bids for 39601825 equity shares against the offer of 8677686 equity shares.

Under the retail quota, bids for 35803425 equity shares have come at cut-off price and bids for 3798400 equity shares came as price bids.

The rating agencies CARE and Fitch Ratings India Private Limited have assigned IPO grade of CARE IPO Grade 4 and 4 (ind) respectively.

Source : Equity Bulls

Keywords