Car major Maruti Udyog will be listed on the Bombay Stock Exchange and the National Stock Exchange a fortnight after the price for the ongoing public offer of 7.2 crore (72 million) shares is finalised.
"The listing is likely to be done at BSE and NSE by the first week of July. We hope to do it within 15 days of finalisation of share price for IPO," officials associated with the public offer of MUL for divestment of 25 per cent government equity said in New Delhi on Tuesday.
On the condition of anonymity, the officials said the government could finalise the share price within two-three days of the closing of IPO on June 19.
As such the response to the issue had been beyond expectation for the government and Suzuki Motor Corporation, the other partner in the joint venture car company, sources said, adding that the issue might end up with 6-8 times over-subscription going by the present trend.
The issue has been oversubscribed by over four times with bids being received for over 29 crore (290 million) shares as against an offering of 7.2 crore shares, excluding the right to retain 10 per cent of the oversubscribed shares.
The green-shoe option enables MUL to retain 72 lakh (7.2 million) shares, which could take the total size of the offer to 7.9 crore (79 million) shares.
