Anupam Rasayan IPO was subscribed 1.29 times by the end of the first day of the issue
Anupam Rasayan India Limited share sale via initial public offering (IPO) was oversubscribed on the first day of the issue. The IPO was subscribed 1.29 times by the end of the first day of the issue, data from the National Stock Exchange showed. Anupam Rasayan shares received over 1.25 crore bids for 97 lakh shares on the offer, according to data on the NSE. Atotal of 94 lakh bids were received at the cut-off price. Retail portion was subscribed 1.02 times, non-institutional portion was subscribed 0.02 times while the portion for qualified instututional buyers was not subscribed on the day one of the IPO.