Access IPO draws Rs.773 m

The Rs. 500 million worth IPO of Access Engineering Ltd., the year’s first, has drawn Rs. 773 million worth of applications.

As per provisional data released last week, the Registrars to the issue said there had been 991 applications with payments via bank drafts and cheques worth Rs. 341.1 million and 13 bank guarantee-applications worth Rs. 431.8 million. Access Engineering offered 20 million shares at Rs. 25 each.