IndiaMART, which made market debut in July, has seen the steepest rally in its share price.

The IPO market has been going through a rather dry spell this year.

The IPO could not sail through during the stipulated three-day period.

"This IPO is attractively priced and we feel we will be able to attract small investors," NV Reddy told reporters.

A discount of Rs 0.50 per share each on the offer price is marked for retail investors and employees.

The offer was earlier scheduled to close on Friday.

The initial public offer was subscribed 1.12 times on the third day of bidding Friday.

At the upper price band of Rs 121-128 per share, the issue size stands at Rs 226 crore.

The narrow trading band meant investors bought one heavyweight, only to offload another.

The issue received bids for 19,21,500 shares by 4:30 pm, which was 11 per cent of the total issue size of 1,76,70,400.

At the upper price band of Rs 121-128 per, the issue size is Rs 226 crore.

Retail quota of HDFC Life Insurance Company offer for sale got subscribed 1.07 times.

The company is engaged in e-commerce, trading and recycling.

The issue will be launched on March 13 and closes on March 15.

The IPO would be by way of offer for sale by the Union government of 17,600,000 shares.

The IPO will see sale of 17,600,000 shares, amounting to 25% stake, of the company via OFS.

The government currently holds 89.85 per cent stake in trading firm MSTC and the balance 10.15 per cent is held by the members of the Steel...