The total offer, which comprised 20 million shares and was open from February 21 to 24, was 27 times covered. Foreign institutional investors ordered 27.3 times the 12 million shares that were available to foreign and domestic institutions combined. Close to 95% of the book was said to have had no price sensitivity.
The two million share tranche offered to non-institutional investors was 43.7 times subscribed, while retail investors asked for 10.3 times the six...
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