New Delhi, Dec. 29 -- Nanta Tech's initial public offering (IPO) closed for bidding on Friday, December 26, following a decent response to its share sale. Now, with the closure of the IPO, investor focus has shifted to its allotment status. Nanta Tech IPO allotment date is fixed as Monday, December 29.

Nanta Tech IPO was booked 6.43 times at the end of the bidding period. The retail quota received 2.91 times bids, the non-institutional investor (NII) segment was booked 7.03 times, and the qualified institutional buyer (QIB) quota was subscribed 12.98 times. Nanta Tech IPO opened on December 23.

Nanta Tech IPO was a fresh share sale worth Rs.31.81 crore. The offer was priced at Rs.209-220 apiece.

The company plans to use the proceeds fr...