A total of 1.14 million retail investors subscribed, putting up 204 billion yuan (US$25 billion). A lottery will be held to decide which investors obtain shares, said Guosen Securities.

China CAMC Engineering Co., a small international engineering contractor, is raising about 444 million yuan via the sale of 60 million shares, or 31.6 percent of the firm, at 7.40 yuan each.

Of the total share offer, 48 million shares are going to retail investors and 12 million went to institutional investors last week. That portion of the offer was more than 100 times oversubscribed.

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