Our watch of Naukri IPO continues. The issue has been oversubscribed 5.5 times as of Tuesday, which is Day Two of the IPO. The issue is open till Friday, November 2. On Day One, the issue was oversubscribed 3.34 times. This is India’s first pure play dotcom IPO, and so has been keenly watched.
The shares have been mainly bought by Qualified Institutional Buyers, which has been subscribed by more than 10 times in its own category. The public offer consists of 5.32 million equity shares of Rs 10 each. The issue would constitute 19.50 per cent of the fully-diluted post issue paid-up capital of the company. The company plans to raise between Rs 154-174 crore based on the price band of Rs 290-320 per share.
ICICI Securities and Citigroup Global Markets India are the Book Running Lead Managers to the issue and Intime Spectrum Registry is the registrar.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post