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Mahindra IPO priced at Rs 300.
; Press Trust of India
MUMBAI,29 JUNE: Leisure hospitality provider MahindraHolidays and Resorts India (MHRIL)has fixed the issue price for its initial public offering at Rs300 per share.
The IPO,which broke the four-month lull in the primary market, was oversubscribed 9.8 times the number of shares on offer at the end of the issue period on 26 June.
The issue received bids for 9,08,33,800 shares against the issue size of 92,65,275 shares, a statement said today.
The price band of the issue had been fixed between Rs275 and Rs325 per share.
However, the issue was subscribed around 7.13 times at the top end of the price band at Rs325, …
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