Cr IPO Subscribed 1.33 Times – Outlook Business

PropShare Celestia's initial public offering (IPO) received 1.33 times subscription on the closing day of the issue on Thursday.

The IPO received bids for 3,090 units against 2,323 units on offer, as per BSE data.

Other investors category received 4.81 times subscription, while institutional investors portion got subscribed 17 per cent.i

The public issue has only a fresh issue of units, with no offer for sale component. The IPO proceeds will be used to acquire seven floors in Venus Stratum, a Grade A+ mixed-use commercial building, located in Nehru Nagar, Ahmedabad.