 "Prabhat Dairy subscribed 42%; issue closes Friday")
Prabhat Dairy’s initial public offering (IPO) was subscribed 42 per cent a day before its close.
The 41.2-million offering got bids for 17.2 million shares, according to data provided by stock exchanges.
The company’s IPO was supposed to close on Tuesday, however, due to poor demand the Maharashtra-based dairy company had to extend its closing day. The company also had to slash its price band to Rs 115-Rs 126, compared earlier band of Rs 140-Rs 147 per share.
The 41.2-million offering got bids for 17.2 million shares, according to data provided by stock exchanges.
The company’s IPO was supposed to close on Tuesday, however, due to poor demand the Maharashtra-based dairy company had to extend its closing day. The company also had to slash its price band to Rs 115-Rs 126, compared earlier band of Rs 140-Rs 147 per share.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%