The initial public offer (IPO) of Signature Global, which was fully subscribed on the second day, picked up pace on the last day of the bidding process. Overall, the issue was subscribed 3.19x so far on Day 3, led by strong NII (6.2x) and retail (4.35x) interest. The category reserved for qualified institutional buyers was booked 1.38 times.
Signature Global IPO | The share will list on the BSE and the NSE on October 4, as per IPO schedule, but that may change as recently four companies followed the Sebi s new timeline of T+3
Signature Global IPO | The Delhi NCR-based affordable housing company aims to raise Rs 603 crore via fresh issue and Rs 127 crore through offer-for-sale (OFS) at the upper price band.
The Rs 730-crore IPO of Signature Global was subscribed 85% with both retail and NII categories fully booked. The QIB part was subscribed just 8% so far. Meanwhile, Sai Silks offer was subscribed just 12% so far. The part reserved for retail investors was the most subscribed at 20%, followed by NIIs at 10%. There are still no bids in the QIB category.