22
Feb
Macfos public offer opened on February 17 & closed yesterday February 21. The company had fixed the issue price band at Rs 96-102. Pune (Maharashtra) [India], February 22: The SME issue was oversubscribed 270.58 times on the last day. Non-institutional investors’ portion got oversubscribed by 488.82 times, while Qualified Institutional Buyers (QIB) received bids 53.70 times more than the existing shares. The Retail Investors portion got oversubscribed by 268.45 times & 1.73 lacs Investors subscribed for the same. The Issue was Lead Managed by Hem Securities Ltd., all its previous IPO’s have seen huge over subscriptions by Investors of all classes.…
