India: Fragrances maker SH Kelkar IPO subscribed 1.8 times on second day

India: Fragrances maker SH Kelkar IPO subscribed 1.8 times on second day

Shares were allocated to the anchor investors at the upper of the price band. The firm has priced its IPO at Rs.173-180 per share. Visual from SH Kelkar website

The initial public offering (IPO) of perfumer SH Kelkar and Co. Ltd to raise Rs.510 crore was subscribed 1.8 times on Thursday, the second day of the offer, according to data available on the stock exchanges.

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