India Pesticides IPO subscribed 5.5 times so far on Day 3
As per data available with NSE, the IPO attracted bids for 10,68,70,450 shares, by 12.35 pm which was 5.53 times the total issue of 1,93,10,345 shares. The pesticide manufacturer has fixed the price band of Rs 290-296 for its IPO. India Pesticides is planning to raise Rs 800-crore via its primary float. The IPO comprises an OFS of up to Rs 700 crore and fresh issuance of shares up to Rs 100 crore. The issue closes today.