August 10, 2021 / 11:49 AM IST
Chemplast Sanmar IPO sees 5% subscription on Day 1:
The public offer of specialty chemical manufacturer Chemplast Sanmar was subscribed 5 percent in the morning of August 10, the first day of bidding. Investors sent in bids for 19.23 lakh equity shares against an offer size of 3.99 crore shares, the subscription data on exchanges showed.
The offer size has been reduced to 3.99 crore equity shares from 7.11 crore equity shares after the company mopped up Rs 1,732.5 crore from several anchor investors at higher end of price band of Rs 530-541 per equity share.
Retail investors have bought 26 percent of shares of their reserved portion, while qualified institutional investors bid for 31,509 shares against 1.08 crore shares set aside for them.
The reserved portion of 2.17 crore shares of qualified institutional buyers has received bids for 1,836 equity shares