India: Godrej Agrovet IPO subscribed 53% on first day

India: Godrej Agrovet IPO subscribed 53% on first day

Photo: Pradeep Gaur/Mint

The initial public offering of Godrej Agrovet Ltd, the agri-business unit of Godrej Industries Ltd, was subscribed 53% on Wednesday, the first day of the share sale, data from stock exchanges shows.

As of 5pm, the portion of shares reserved for institutional investors saw a subscription of 28%, while the portions reserved for retail investors and non-institutional investors were subscribed 88% and 10%, respectively.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter