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Time Technoplast IPO subscribed 49.55 times

The Hindu Business Line

Mumbai May 23 The initial public offering of Time Technoplast Ltd, manufacturer of technology based polymer products, has been subscribed 49.55 times on the BSE and NSE.

Bids were received across the price band of Rs 290-Rs 315 per share. A total of 19,43,23,040 bids were received against the issue size of 39,21,500 equity shares.

The qualified institutional bidders' portion was subscribed 69.88 times, non-institutional investor's portion was subscribed 72.17 times, retail individual investor's portion was subscribed 12.98 times and the employees portion was subscribed 0.75 times.

Company Clarification : The employees portion in the IPO was subscribed 0.99 times.

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