The initial public offering (IPO) of UFO Moviez India was subscribed 0.29 times on second of the three-day offering.
Investors submitted applications for 20.29 lakh shares on Wednesday, stock exchange data showed.
The institutional investors’ book was subscribed 0.47 times. Qualified institutional buyers (QIB) applied for 9.01 lakh shares against 19.51 lakh shares on offer.
The non-institutional category comprising of high net-worth individuals (HNIs) was subscribed 0.17 times with 2.52 lakh shares bid as against 14.63 lakh shares on offer, data showed.
The retail book received 0.25 times demand of the shares reserved for the category. A little over 8.74 lakh shares were bid against 34.14 lakh shares on offer.
On Monday, UFO Moviez raised R180 crore by issuing shares to institutional investors in pre-IPO placement. The New Delhi-based company issued 28.80 lakh shares to anchor investors at R625 apiece. The company has priced the issue in the range of R615-625 apiece.
The company aims to raise a total of R600 crore through an offer for sale and the proceeds will go to the existing selling shareholders, including the promoter. The issue will end on Apr 30.
Axis Capital and Citigroup Global Markets are financial advisors to the issue.