On September 22, 2017 Corporation San Finance bought 8,77,152 shares of Bharat Road Network at Rs 189.81 on the NSE.
On Friday, Bharat Road Network ended at Rs 189.05, up Rs 4.25, or 2.30 percent on the NSE.
The Rs 600-crore IPO of Bharat Road Network, a SREI Infrastructure Finance company, was oversubscribed 1.81 times.
The issue received bids for 5.3 crore shares against the total issue size of 2.93 crore shares.
The portion set aside for qualified institutional buyers (QIBs) saw oversubscription of 1.33 times, non-institutional investors 1.63 times and retail investors 5.69 times.
[“Source-moneycontrol”]
