The initial public offer (IPO) of infrastructure developer Roman Tarmat was subscribed 29.67 times, receiving 8.60 crore bids for the 29 lakh shares.
The qualified institutional buyers (QIB) portion of the issue, comprising of 14 lakh shares, received around 3.85 crore bids, subscribing the portion reserved for them by over 27 times, data available on the National Stock Exchange showed.
Foreign institutional investors (FII) pitched with 2.86 crore bids, while mutual funds bid for 20 lakh shares.The company had fixed the price band at Rs 150-175 per share.
The IPO also got a huge response from retail investors and non-institutional investors, as the allocated segments were subscribed 21 and 62 times respectively.Overall, around two crore bids were received at the cutoff price for the issue.
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