The initial public offer by Macrotech Developers got fully subscribed on the last day of the bidding process on Friday.
Ace investor Rakesh Jhunjhunwala has subscribed to Macrotech Developers IPO on the first day of public offer on April 7
The Rs 2,500-crore Macrotech Developers IPO received bids for 1,26,56,070 shares against 3,64,18,219 shares on offer
The issue received bids for 95,91,420 shares against 3,64,18,219 shares on offer, as per NSE data
In the grey market, the issue is quoting at Rs 5-6 premium while analysts have raised concerns about high leverage on the balance sheet
Macrotech Developers, Dodla Dairy, Seven Islands Shipping, Sona BLW Precision Forgings (Sona Comstar), Aadhar Housing Finance, KIMS Hospitals will hit
Realty major Lodha Developers seeks to raise funds to reduce debt and future growth