Friday, February 1, 2019

Chalet Hotel IPO gets 1.57 times subscription on last day

Chalet Hotels IPO has been fully subscribed on the last day, thanks to QIBs. This portion got 4.66 times subscription which enabled the IPO to scrape through. Retail portion has been subscribed by just by 3 percent.

The IPO is likely to list at 20-25% discount to offer price, unless manipulated.

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