The ₹800-crore initial public offering (IPO) of India Pesticides Ltd attracted bids for 29 times the number of shares on offer, stock exchange data showed.
At the end of the three-day offering, the IPO received bids for more than 560.73 million shares compared with an issue size—excluding the anchor book—of 19.31 million shares. At the upper end of ₹290-296 price band for the issue, the IPO drew bids worth roughly ₹16,597 crore.
