UFO Moviez India’s IPO was subscribed a little over two times on the final day of the offer. Investors submitted applications for 1.39 crore shares stock exchange data showed.
The company is assured of at least R600 crore from the offer. The institutional investors’ book was subscribed nearly 4.5 times. Qualified institutional buyers applied for 87.61 lakh shares against 19.51 lakh on offer. The non-institutional category was subscribed 1.16 times with 17.05 lakh shares bid against 14.63 lakh on offer.
The retail book received 1.02 times the demand of shares reserved for the category. A little over 34.94 lakh shares were bid for against 34.14 lakh on offer.
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