Dilip Buildcon IPO oversubscribed 20 times

Dilip Buildcon Limited’s IPO was oversubscribed by 20 times. Reportedly, the public issue received bids for 443.74 million shares as against the 21.3 million on offer at the close of the issue. The company had earlier raised over Rs 1.96 billion by allotting 8.958 million shares to anchor investors at a price of Rs 219 a share.