Shree Pushkar IPO subscribed 1.42 times

The initial public offering of Shree Pushkar Chemicals and Fertilisers was subscribed 1.42 times at 7 pm on Thursday based on the upper end of the price band.

The qualified institutional bidders subscription stood at 1.04 times, while the non-institutional investor subscription was at 2.23 times. The retail subscription was approximately 1.62 times at the upper end of the price band. Total number of bids registered till 7 pm stood at 20,450.

The issue had opened for subscription on August 25 and closed on August 27, 2015. The size of the IPO was Rs 70 crore, consisting of a fresh issue and an offer for sale of 20,26,589, by IFCI Venture Capital Fund, which is a part of its shareholding in Shree Pushkar Chemicals & Fertilisers.

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