MUMBAI: Three initial public offers (IPOs) that closed on Thursday, together eyeing to garner Rs 2,562 crore, received bids aggregating nearly Rs 22,500 crore.
Globe Civil Projects with an IPO size of Rs 119 crore was subscribed 86 times, Ellenbarrie Industrial Gases’ Rs 853-crore offer was subscribed 22 times while Mumbai-based real estate major Kalpataru’s Rs 1,590 crore IPO was subscribed 2.3 times, data from the exchanges and merchant bankers showed.