Cable Solutions IPO oversubscribed on opening day

Wednesday, 24 July 2024 00:20 - - {{hitsCtrl.values.hits}}

The Initial Public Offering (IPO) of Cable Solutions Ltd., through an offer for subscription of 14,666,600 ordinary voting shares at a price of Rs. 7.50 per share and an offer for sale of 66,120,000 ordinary voting shares at the same price, opened yesterday and was oversubscribed on the initial day itself.

The IPO by Cable Solutions received applications exceeding the IPO value, demonstrating strong investor interest.