Sigachi Industries IPO subscribed 16.49 times on Day 2

Sigachi Industries

The initial public offering (IPO) of the chemcial-maker Sigachi Industries had been subscribed 16.49 times by the morning of November 2, the second day of bidding.

Investors have put in bids for 8.90 crore equity shares against the IPO size of 53.86 lakh equity shares.

Retail investors had bought 28.67 times the shares set aside for them.

The portion reserved for non-institutional investors has been subscribed 9.18 times, while Qualified Institutional Buyers (QIBs) had bid for 80 percent of their lot.

News Source:- Moneycontrol

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