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Anupam Rasayan IPO ends with strong subscription

The issue received bids for 42.74 crore shares as against 97.01 lakh shares on offer.The initial public offer (IPO) of Anupam Rasayan received bids for 42.74 crore shares as against 97.01 lakh shares on offer, according to the stock exchange data at 17:00 IST on Tuesday (16 March 2021). The issue was subscribed 44.06 times. The non-institutional investors category was subscribed 97.42 times. The qualified institutional buyers (QIBs) category was subscribed 65.74 times. The retail individual investors category was subscribed 10.77 times. The issue opened for bidding on Friday, 12 March 2021, and it will closed on Tuesday, 16 March 2021. The price band for the IPO was set at Rs 553-555 per share. The offer comprised of a fresh issue aggregating up to Rs 760 crore by the company.

Anupam Rasayan IPO subscribed 44 06 times

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