The initial public offering for Power Trading Corporation has been oversubscribed by 3.13 times while that of Petronet LNG Ltd has also evoked a strong response and received cumulative bids for 38.7 per cent of offer size.
The PTC IPO for 5.84 crore (58.4 million) shares, with a bidding price band of Rs 14-16 per share, received pledges for 18.33 crore (183.3 million) shares, according to the latest data available with the Bombay Stock Exchange. The offer closes on March 8.
Petronet LNG IPO showed a tally of 10.09 crore (100.9 million) shares in bidding as against the offer size of 26.09 crore (260.9 million) shares. The price band for bidding is Rs 13-15 per share and the issue is slated to close on March 9.
Dredging Corporation of India Ltd offer for sale has received bids for 1.23 crore (12.3 million) shares as against the offer size of 56 lakh (5.6 million) shares. The offer closes on March 4.
The government's offer for sale of 5.44 crore (54.4 million) equity shares in GAIL (India) Ltd received bids for 18.33 crore (183.3 million) shares. The offer would close on March 5.
© 2025