BF Biosciences IPO closes at Rs77 strike price

By MG News | Category Equity | September 27, 2024 at 09:34 AM GMT+05:00

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September 27, 2024 (MLN): BF Biosciences Limited's initial public offering resulted in a strike price of Rs77 per share, which is the upper limit of the 40% price band, determined through Book Building conducted on September 25 and 26, 2024.

The IPO received total participation of Rs4.67 billion against the issue size of Rs1.375bn on the floor price, an oversubscription of 3.4x.

A total of 241 investors participated in the Book Building of BF Biosciences Limited, of which 185 investors were successful.

Arif Habib Limited, the lead manager and book runner to the issue has provided a category-wise breakup of successful investors:

Category wise Investors	Shares Allocated
Insurance Companies	1,259,378
Commercial Banks	2,718,864
Mutual Funds	5,347,039
TREC Holders	5,647,657
Provident/Pension Funds	12,476
Other Institution/Corporates	1,296,802
High Net Worth Individuals	2,467,784
Total	18,750,000

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