Globus Spirits IPO Subscribed 1.5 times

Globus Spirits IPO of 75 lakh equity shares of Rs 10 each has been subscribed 1.50 times, as per the data available on the NSE website. The issue has received bids for 1.12 crore shares as against issue size of 75 lakh shares. Globus Spirits IPO price was fixed between Rs 90-100/share. The IPO would raise around Rs 67.5-75 crore.

Qualified institutional buyers – 0.86, Non institutional investors – 4.76, Retail individual investors – 1.03, Employee Reservation – 0.96

Total – 1.50 times

It was majorly helped by non-institutional investors to get it subscribed. Their reserved portion subscribed 4.8% followed by retail and qualified institutional investors with 1 time and 0.86 times subscription.

Globus Spirits IPO Allotment will be sure shot for all the investors who have applied in the Retail Segment.

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