Bhel stake sale oversubscribed on first day
pre-market1 source ↓written by the desknot a recommendation
- on its first
- 2x oversubscription
- institutional bids exceeding
- ₹5,650 cr
- 22.07 crore shares
- at a floor
- 9.40 crore shares
- per share
- ₹254
The government's stake sale in Bharat Heavy Electricals Ltd saw 2x oversubscription on its first day, with institutional bids exceeding ₹5,650 cr for over 22.07 crore shares. The base issue size is 9.40 crore shares at a floor price of ₹254 per share. Retail investors can bid tomorrow.
Not investment advice. For informational purposes only.