The initial public offer of Vascon Engineering, which expects to garner up to Rs 200 crore through the issue, was subscribed 1.12 times on the final day of the offer on Friday. The IPO received bids for 1.21 crore shares (1.12 times) against 1.08 shares on offer, as per the data with the National Stock Exchange (NSE). The engineering firm has hit the capital market with an issue size of 1.08 crore shares in the price band of Rs 165-185 per share. The company aims to raise up to Rs 200 crore at the upper end of the band.
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