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MUL's offer oversubscribed 5.6 times

MUMBAI JUNE 18. Maruti Udyog Ltd's public offer was today oversubscribed 5.6 times with bids for 5.18 crore shares pouring in on the penultimate day of the issue. On a cumulative basis, the company has received bids for 40.47 crore shares as against an issue size of 7.22 crore shares, according to the data available with the Stock Exchange, Mumbai. The maximum bids ranged between Rs. 120 and 125 per share while largest number of bids continued to come in at Rs. 120 per share as against the floor price of Rs. 115. MUL has received bids for 16.53 crore shares and 15.38 crore shares at Rs. 120 and Rs. 125 per share respectively.

Till yesterday, the total bids received by the company stood at 35.29 crore shares.

PTI

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