According to a source close to the deal, more than 460,000 orders were submitted during the four-day bookbuilding, which coincided with IndiaÆs benchmark Sensex index hitting a series of new highs. The demand came from global investors, hedge funds, banks, financial institutions and retail investors and the total deal ended up 68.3 times subscribed.
The institutional tranche, which accounted for 60% of the net issue excluding the 296,520 shares set aside for company employees was 95.3 times subscribed and the 10% non-institutional...
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