Mumbai, June 16: Maruti Udyog Ltd's public issue has received bids for 2.76 crore shares on the fourth day today, resulting in an oversubscription of almost four times. The issue of 7.22 crore shares through the book building route has so far received cumulative bids aggregating 27.82 crore shares with the maximum bids ranging between Rs 115 and Rs 125 per share, merchant banking sources said here. The largest number of bids continued to be at Rs 120 per share as against the floor price of Rs 115 per share, they said. So far, about 30,000 applications have come and the number is expected to cross two lakh when the issue closes on June 19, sources said. Till Saturday, the total bids received by the company stood at 25.06 crore shares.
Bureau Report