S H Kelkar's IPO fully subscribed

HNI category has got 1.14 times subscribed and the retail quota was subscribed
42%
SH Kelkar & Company has received full subscription from its Rs 500-crore Initial
Public Offering (IPO), which closes on Friday. IPO is the act of selling shares in a
company for the first time.
SH Kelkar Listing Date: The Mumbai-based firm has so far received 22.3 million
bids for the 20.2-million shares on offer in the IPO. The qualified institutional
buyer category quota got subscribed 2.25 times. Wealthy or high net worth
individual quota was subscribed 1.14 times. The retail quota was subscribed 42
per cent.

SH Kelkar Allotment Date: SH Kelkar has set a price band of Rs 173-180 apiece for
its IPO. On Tuesday, the company had raised Rs 150 crore from 13 anchor
investors, including T Rowe Price, ICICI Prudential Mutual Fund, and Axis Mutual
Fund.

Mumbai-based fragrance manufacturer SH Kelkars Initial Public Offering (IPO)

was subscribed 42 per cent on day one, on Wednesday. The 20.2-million share
offering has so far received 8.4 million bids. SH Kelhar is looking to raise a little
over Rs 500 crore from its IPO, to close on Friday. The company has priced
its IPOin the range of Rs 173 to Rs 180 per share.
JM Financial, Kotak Mahindra Capital, and Keynote Capital are handling the IPO.
Article Source: Business Standard
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