Ingersoll-Rand's OFS subscribed 2.7 times by non-retail investors
Wed, Nov 25, 2020 2:25 AM

Ingersoll-Rand's OFS subscribed 2.7 times by non-retail investors

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Ingersoll-Rand’s offer for sale (OFS) was subscribed 2.7 times by non-retail investors on Tuesday. The OFS opens for retail investors on Wednesday. Bids for a total of over 3.5 million shares were received for an offer size of 1.28 million shares for non-retail investors. The floor price for the OFS was set at Rs 578.60 per share, a 12% discount to the stock’s closing price of Rs 657.5 on Monday.

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