The initial public offering (IPO) of India Pesticides, one of India’s leading agro-chemical manufacturers, had been subscribed 5.96 times by the morning of June 25, the final day of bidding. Investors had bid for 11.5 crore equity shares against the IPO size of 1.93 crore shares, the subscription data available on exchanges showed.
The portion reserved for qualified institutional investors has been subscribed 3.24 times and that of non-institutional investors 3.38 times. Retail investors have put in bids 8.62 times their reserved portion.
News Source:- MOneycontrol