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By Sudarshan Kumar Mar 23, 2023 8:48:10 PM IST (Updated)
The overwhelming response led to the government exercising the greenshoe option, which increased the issue size for non-retail investors to 1.05 crore shares (base size + greenshoe) with subscription at the end settling at 2.25 times. The clearing price for non-retail investors has been set at Rs 2,472 per share against the floor price of Rs 2,450 per share.
The non-retail portion of the offer for sale (OFS) has received total bids of 2.37 crore shares against the base size of 52.66 lakh shares, implying a total subscription of more than 4 times.
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The overwhelming response led to the government exercising the greenshoe option, which increased the issue size for non-retail investors to 1.05 crore shares (base size + greenshoe) with subscription at the end settling at 2.25 times. The clearing price for non-retail investors has been set at Rs 2,472 per share against the floor price of Rs 2,450 per share.
The government on Wednesday announced OFS in this aerospace and defence company Hindustan Aeronautics Ltd (HAL) to sell up to 3.5 percent stake.