new delhi realty firm nitesh estatess rs 405crore ipo got subscribed 16 at the end of the first day of issue with most of the bids coming from institutional investors the issue received bids for 104 crore shares against 641 crore equities on offer for public the bangalorebased real estate developer has entered the capital market with shares in price band of rs 5456 a piece the ipo closes on april 27 jc sharma managing director sobha developers in a chat with et now talks about expectations from the budgetwhat are your budget expectations this time aroundwe feel that finance minister has indeed a very tough task this time because while on the one hand there is a fiscal deficit on the other hand the initiatives what this government has taken to bring up the people who have so far not been able to be brought back into the main stream via certain social welfare schemes needs to be continued