The public issue of Stove Kraft, one of the biggest Kitchen apparatus providers in India, has been subscribed 2 times on the second day of bidding, January 27.
The Rs 413-crore IPO has gotten offers for 1.17 crore equity shares against an offer size of 58.94 lakh equity shares, the subscription data accessible on the trades showed. The offer size did not include the anchor book portion which was settled by the organization with Rs 185 crore fund flow against equity shares issuance.
The retail investors stayed at the cutting edge with subscriptions of 10.57 times against their saved segment. The portion put in a safe spot for non-institutional speculators was bought in 26.18 percent. However, qualified institutional financial specialists are yet to begin placing in their bids.
The IPO opened for subscription on January 25 with a price of Rs 384-385 per share.
