Mumbai, March 5 -- The initial public offer (IPO) of RK Swamy received 4,94,64,550 bids for shares as against 82,32,946 shares on offer, according to stock exchange data at 17:00 IST on Tuesday (5 March 2024). The issue was subscribed 6.01 times.

The issue opened for bidding on Monday (4 March 2024) and it will close on Wednesday (6 March 2024). The price band of the IPO is fixed at Rs 270 to 288 per share. An investor can bid for a minimum of 50 equity shares and in multiples thereof.

The IPO is a fresh issue of 173 crore equity shares and offer for sale of 87,00,000 shares aggregating up to Rs 250.56 crore.

The objectives for the fresh issue includes Rs 54 crore for funding working capital requirement, Rs 10.9 crore for funding capit...