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SEDEMAC IPO Closes With 2.68X Oversubscription
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SEDEMAC IPO Closes With 2.68X Oversubscription
Update | March 06, 19:45 IST After a slow start, SEDEMAC’s initial public offering (IPO) closed with a healthy oversubscription. Investors cumulatively bid for 1.51 Cr shares against 56.32 Lakh shares on offer, resulting in an oversubscription of 2.68X. Qualified institutional buyers (QIB) continued to show the strongest interest in the public float, with these investors oversubscribing their quota by 8.46X. QIBs placed bids for 1.36 Cr shares…
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