BoM’s OFS attracts bids 400% of base problem measurement

MUMBAI: Financial institution of Maharashtra‘s supply on the market (OFS) drew sturdy investor curiosity on the primary day, with bids reaching 400% of the bottom problem measurement, in accordance with the BSE web site, experiences Our Bureau. The OFS opened for non-retail traders on December 2 at a ground value of ₹54 per share, a 6.34% low cost to the December 1 closing value of ₹57.66 on BSE. The bottom supply comprised 38.45 crore shares. Given the response, the authorities will now train the green-shoe possibility, rising the overall stake on supply to six%.