Maytas Infra IPO ended with 67.86 times subscription. The issue received total bids for 60.05 crore shares as against total issue size of 88.50 lakh shares. The qualified institutional buyers (QIBs) category was subscribed 99.40 times. The total bids in this category were for 52.78 crore shares as against 53.10 lakh shares assigned for this category.
The non-institutional investors category was subscribed 35.84 times. The total bids in this category were for 3.17 crore shares as against 8.85 lakh shares allotted for this category.
The retail investors category was subscribed 15.41 times. The total bids in this category totaled to 4.09 crore shares as against 26.55 lakh shares assigned for this category.
The company had fixed the price band between Rs 320-370 a share. The company will mobilize Rs 283.20 crore to Rs 327.45 crore at lower and upper end of the price band. .
Maytas Infra has historically focused on the irrigation, road and bridges, and buildings infrastructure sectors.
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