The initial public offering (IPO) of Delaplex was subscribed 11.01 times so far on Monday, the second day of the issue. The issue received over 2.64 crore share bids around 2 pm against 24 lakh equity shares available for subscription
Delaplex IPO subscription details: Retail investors can subscribe for a minimum of 1 lot or 600 shares and in multiples of 600 shares thereafter. The maximum subscription amount is Rs 2 lakh. The net proceeds from the IPO will be used for general corporate expenditures, inorganic acquisitions, APAC - Advertisement, Sales and Marketing expenses, and funding working capital requirements.
The initial public offering (IPO) of DelaPlex was subscribed at 0.69 by 1 pm on Thursday, the opening day. The issue received 16.65 lakh share bids against 24 lakh equity shares available for subscription.
IPO Action | There will be only one public issue from the mainboard segment and the remaining six initial public offerings are from the SME segment, while their total fund raising will be little more than Rs 300 crore.