The initial public offering (IPO) of Rural Electrification Corporation (REC) of 156.12 million shares in the price band of Rs 90-105 per share has been subscribed 1.62 times.
According to data available with NSE, as of 1200 hrs, the company has received bids for 253.16 million shares with the maximum bids - 162.22 million shares - at the lower end of the price band at Rs 90 per share. The company has received bids for 90.94 million shares at the upper end of the price band at Rs 105 per share.
The IPO of V-Guard Industries of eight million shares in the price band of Rs 80-85 per share has been subscribed 98% as of 1200 hrs today - the second day of the issue.
The company has received bids for 7.87 million shares with the maximum bids being made at Rs 85 per share.
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