Mumbai: The Rs 600-crore initial public offer of digital cinema distribution firm UFO Moviez India got subscribed more than two times on the last day of the offer on Thursday.
The public issue received 1,39,61,784 bids against the total issue size of 68,29,269 shares, data available with NSE till 1915 hours showed.
UFO Moviez has already raised Rs 180 crore from anchor investors. Together with the sale of 68,29,269 shares through the three-day public offer, which ended today, the company can raise an estimated Rs 600 crore.
The price band for the issue, which opened on Tuesday, had been fixed at Rs 615-625.
Investors such as 3i Research (Mauritius) Ltd and P5 Asia Holding Investments (Mauritius) Ltd, and promoters are paring their stakes through the IPO.
The company has reported revenue of Rs 357.2 crore for the first nine months of FY15, with a profit after tax of Rs 40.6 crore.
UFO Moviez operates India's largest digital cinema distribution network and in-cinema advertising platform (in terms of number of screens) as of October 2014, according to ratings and research agency Crisil.
Axis Capital and Citigroup Global Markets India Pvt Ltd are the book running lead managers to the issue.
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