The initial public offering of infrastructure firm Dilip Buildcon was fully subscribed till noon on the last day of the issue today. The public issue received bids for over 2.36 crore shares as against more than 2.13 crore on offer till 1200 hrs, generating a subscription of 1.11 times, according to the latest uptade available with National Stock Exchange (NSE). The quota reserved for retail investors was subscribed 35 per cent, while shares reserved for non-institutional and qualified institutional Buyers (QIBs) witnessed a subscription of three per cent and 37 per cent respectively, the data showed. The company, on Friday, raised a little over Rs 196 crore by allotting 89.58 lakh shares to anchor investors at a price of Rs 219 apiece. The anchor investors include Smallcap World Fund, Abu Dhabi Investment Authority, HDFC Trustee Company, Nomura Singapore, DB International (Asia), IDFC Infrastructure Fund and East Bridge Capital Master Fund. Dilip Buildcon plans to raise Rs 430 crore through fresh issuance of equity shares and an offer for sale of up to 10,227,273 shares, including the anchor portion. The company has fixed the price band at Rs 214-219 per share. At the upper limit, the company is expected to raise around Rs 654 crore.The bidding for the IPO concludes today. Proceeds of the issue will be utilised towards repayment of debt and meeting working capital requirements. Dilip Buildcon, which is primarily into construction of roads and highways, has an order book of almost 8,000 km, worth over Rs 11,000 crore, to be executed over the next two-and-a-half years. The lead managers are Axis Capital, IIFL Holdings, JM Financial Institutional Securities and PNB Investment Services. Earlier, the company had proposed to raise Rs 650 crore through the IPO. However, since the issue was delayed for over a year, Dilip Buildcon reduced the fresh issue size to Rs 430 crore.