Apex Frozen Foods IPO: 06 Times Subscription on Final Day

By | August 24, 2017

Apex Frozen Foods IPO: 06 Times Subscription on Final Day – Apex Frozen Foods Limited oversubscribed 6.10 times on the final day. Today (24th August 2017) was the last day for the subscription for this IPO. The public offer of Apex Frozen Foods Limited received bids for 3,78,71,280 shares on the final day. The company had offered 62,10,000 shares through this IPO. The company has also raised Rs. 43 crore from the anchor investors on Monday, just before the IPO opened on the stock markets for the subscription. Reliance Capital Trustee Company Ltd, HSBC Midcap Equity Fund, HSBC India Opportunities Fund and ITPL –Invesco India Contra Fund bought 24.90 lakh equity shares at Rs. 175 per share. The IPO was opened for the subscription from 22nd August 2017 to 24th August 2017. The subscription figures were average for first two days, but on the last day, it over subscribed by 6 times. Which we can say are good figures. The IPO is doing OK on the grey market as the IPO premium is Rs. 25. This means greymarket is suggesting that the shares of Apex Frozen should list around Rs. 200/- on the stock markets.

Apex Frozen Foods IPO Final Subscription Figures

DateShares Offered22 August 201723 August 201724 August 2017
RII2,905,0000.79002.90008.3165
NII1,245,0000.18000.45007.8197
QIB1,660,000.00000.00001.9100
Emplyoees400,0000.00000.20000.9654
Total6,210,0000.40001.46006.0345

The High net worth individuals portion of the IPO was subscribed 7.82 times while the retail categories were subscribed 8.46 times. The category reserved for the qualified institutional buyers’ was subscribed 1.91 times on the final day. The total number of applications for the Apex Frozen Foods IPO was over 2,00,000.

The company intends to raise Rs 152.25 crore at the upper price band of Rs. 175/- while it will fetch up to Rs 148.77 crore at the lower price of Rs. 171/-.

Now the subscription process is over and now the company will start the allotment process through its registrar Bigshare Services Private Limited. The Apex Frozen Foods IPO Allotment will be done around 29th August 2017. Candidates can check the IPO Calendar for more details. We will also give you full information about the IPO Allotment Status of Apex Frozen Foods IPO. Candidates need to see our website time to time for the latets information about the Apex Frozen Foods IPO.

Apex Frozen Foods IPO Grey Market / GMP
Apex Frozen Foods IPO Details
Apex Frozen Foods IPO Allotment Status

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