Aditya Birla Solar Lifestyles AMC shares is all set to go into the inventory marketplace on Monday. Aditya Birla Solar Lifestyles AMC percentage gets indexed at Nationwide Inventory Trade (NSE) and Bombay Inventory Trade (BSE) at 10 am on October 11. The preliminary public be offering (IPO) of Aditya Birla Solar Lifestyles AMC won a muted reaction from traders when it had open for open subscription. Aditya Birla Solar Lifestyles AMC IPO won bids of just about 14.60 crore stocks in opposition to the entire factor dimension of just about 2.78 crore stocks, in keeping with Nationwide Inventory Trade (NSE) knowledge. The associated fee band for Aditya Birla Solar Lifestyles AMC was once fastened at Rs 695-712 in keeping with percentage.
The low gray marketplace top class and lower-than-expected reaction subscription, whole be offering on the market factor may point out marginal record achieve for Aditya Birla Solar Lifestyles AMC IPO. Many of the analysts be expecting that Aditya Birla Solar Lifestyles AMC IPO will get started first business with 5-10 in keeping with cent record achieve and it might move as much as 10-15 in keeping with cent at the most efficient.
Aditya Birla Solar Lifestyles AMC IPO is totally an be offering on the market (OFS), through which two promoters — Aditya Birla Capital and Solar Lifestyles (India) AMC Investments — will divest their stake within the asset control company. Aditya Birla Solar Lifestyles AMC IPO was once subscribed 5.25 instances all through September 29-October 1, in large part supported via certified institutional consumers. The portion allotted for the certified institutional consumers (QIBs) was once subscribed 10.36 instances. The percentage put aside for non institutional traders was once booked 4.39 instances whilst the ones of retail particular person traders (RIIs) was once subscribed 3.24 instances.