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TMI BlogEngineers India Limited (EIL) OFS getting oversubscribed 2.54 timesX X X X Extracts X X X X X X X X Extracts X X X X ..... Engineers India Limited (EIL) OFS getting oversubscribed 2.54 times X X X X Extracts X X X X X X X X Extracts X X X X ..... of Fv of ₹ 5. Out of the shares offered for sale, 20% were reserved for retail investors i.e. those investors who placed bids for shares of total value of not more than ₹ 2.00 lakh. In addition a 5% discount was also offered to retail investors on price bid. With this disinvestment, the GOI share in EIL will come down to 59.37%. At the end of the day with total subscription of ₹ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ; 1641.52 crores the issue stood oversubscribed by 2.54 times. The investor enthusiasm for the issue is borne out by the fact that the indicative price for was ₹ 190.63 which is above the floor price. The previous day (28/01/2016) closing price was ₹ 194.05 (BSE)/ ₹ 193.65 (NSE) and floor price was fixed at ₹ 189. The highlight of the issue has been the overwhelming reta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... il investor participation of 3.92 times amounting to ₹ 513.08 crores. The non retail participation was an impressive 2.20 times amounting to ₹ 1128 crores. The issue was marked by robust all round participation from different categories: S.No Category Value (Rs crore) 1 Retail 513.08(31%) 2 Mutual Funds 243.32(15%) 3 Banks (public & private) 130.28(8.0%) 4 Insurance Comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anies (public & private)
583.23 (36%)
5
FII
86.75(5.0%)
6
Others (proprietary, HNI ETC)
84.86(5%)
Total
1641.52 (100%) X X X X Extracts X X X X X X X X Extracts X X X X
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