Mumbai: The initial public offer (IPO)of the compact disc maker Euro Multivision got fully subscribed on the final day of its issue on Thursday.
The public offer received bids for over one crore shares against 88 lakh equities on the offer, getting subscribed 1.23 times, as per latest data available with the National Stock Exchange (NSE).
The IPO, through which the disc maker aims to raise about Rs66 crore, has received good response from non-institutional investors as it was subscribed 2.61 times in this category till Wednesday, as per the NSE data.
Euro Multivision has come to the capital market with an issue size of 88 lakh shares in the price range of Rs70-75. The offer closes on 24 September.
Meanwhile, the IT firm, Thinksoft Global Services’, public offer has been subscribed 11% till Thursday, the latest data with the NSE shows.
Thinksoft has entered the capital market with an issue size of 36.46 lakh equity shares and expects to raise up to Rs47.39 crore. The offer closes on 24 September.
The company has fixed the price band for its IPO in the range of Rs120 to Rs130 per equity share. The proceeds from IPO would be utilised to fund the company’s expansion plans.