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Indian construction
company Capacit'e Infra Projects Ltd's initial public offering, to raise up to
Rs 400 crore ($63 million), was fully subscribed on the first day of the sale, stock
exchange data showed.
Capacit'e, which builds residential and
commercial buildings, is selling new shares in a price range of Rs 245 to Rs
250 apiece in the sale which closes on Friday.
The IPO received
bids for 14.8 million shares, or 1.3 times the 11.4 million on offer, stock
exchange data as of 1400 GMT showed. Anchor investors have
already subscribed to Rs 120 billion rupees' worth of shares.
Axis Capital, IIFL
Holdings and Vivro Financial
Services are the banks managing the IPO.
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