Macrotech Developers IPO subscribed 29% On Second Day

By Abhishek Vasudev4 days ago

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Macrotech was founded by billionaire Mangal Prabhat Lodha in Mumbai.

Macrotech Developers share sale via initial public offering (IPO) was subscribed 29 per cent till 2:00 pm on the second day of the issue. Macrotech Developers received total bids of 1,06,23,810 for 3,64,18,219 shares on offer, data from National Stock Exchange showed. A total of 29,38,320 bids were received at the cut-off price, the data showed.

Investors can bid for a minimum one lot of 30 shares, translating into the minimum application size of Rs 14,580 per lot at the higher end of the price band. The maximum application size per individual is 13 lots.

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