India: Macrotech Developers IPO subscribed 26% on first day of issue
India: Macrotech Developers IPO subscribed 26% on first day of issue April 8, 2021 The ₹2500 crore initial public offer of Macrotech Developers was subscribed 26% on the first day of the issue. Macrotech Developers received 9.59 million bids for 36.42 million shares on offer. Qualified institutional buyers portion was subscribed 58% and non-institutional investors portion was subscribed 11%. Retail investors and employees portion was subscribed 15% and 1% respectively. On Tuesday, Macrotech Developers raised ₹740 crore from 14 anchor investors. Analysts at Reliance Securities in an IP...