India Pesticides IPO subscribed 29 times on final day

Mumbai: The ₹800-crore Initial Public Offer (IPO) of India Pesticides was subscribed 29 times on Friday — the final day of bidding — as continued investor appetite for small shares extended the winning run in the primary market issuances. Investors bid for 56.07 crore shares against the 1.93 crore shares on offer.

The portion for qualified institutional investors was subscribed 42.95 times while the non-institutional investor category received a bid for 51.88 times.