The initial public offer of HG Infra Engineering was oversubscribed by three times on the last day of bidding. The issue is in a price band of Rs 263-270. 

As of 15:15 hours, the IPO received bids for 3.73 crore shares against the total issue size of 1.21 crore shares according to the NSE. 

The IPO had been subscribed 44% yesterday The offer consists a fresh issue of up to Rs. 3,000 crore and an offer for sale (OFS) of upto 6,000,000 shares (excluding anchor portion of 5,133,150 shares). The company said that money raised from the IPO would be spent on purchase of capital equipment, repayment of debts and other working capital requirements.