SLM Tyres public subscription oversubscribed 7.6x
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MG News | June 08, 2026 at 12:04 PM GMT+05:00
June 08, 2026
(MLN): Service Long March Tyres Limited's initial public offering received
33,190 applications for a total of 739,171,500 ordinary shares, against an
issue size of 97,434,510 shares.
This implies an
oversubscription of approximately 7.6 times.
The
subscription, held on June 3 and 4, 2026, drew Rs14.75 billion in total
application money.
Applications for
up to 2,000 shares will be allotted in full, while those above 2,000 shares
will be allotted on a pro-rata basis.
The bulk of
demand came from the above-2,000 units category, which alone accounted for
704,400,000 shares across 6,708 applications, amounting to Rs14.05 billion.
Smaller retail
categories ranging from 500 to 2,000 shares contributed the remaining
34,771,500 shares across 26,482 applications.
|
Application
Category (Shares) |
No. of
Applications |
No. of
Shares |
Amount
(Rs.) |
|
500 |
6,522 |
3,261,000 |
65,056,950 |
|
1,000 |
7,037 |
7,037,000 |
140,388,150 |
|
1,500 |
2,745 |
4,117,500 |
82,144,125 |
|
2,000 |
10,178 |
20,356,000 |
406,102,200 |
|
Above 2,000 |
6,708 |
704,400,000 |
14,052,780,000 |
|
Overall
Total |
33,190 |
739,171,500 |
14,746,471,425 |
The
aforementioned information was disseminated through a notification to Exchange.
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