India: Diagnostics chain Thyrocare IPO gets 56% bids on Day 1

Visual from site.

Retail investors rushed to bid for shares in diagnostics firm Thyrocare Technologies Ltd’s initial public offering (IPO) on Wednesday, leading to a 56% subscription on the first of a three-day public issue. The share sale will end on 29 April.

As of 5pm, the Rs.480 crore share sale received bids for 4.21 million shares against the total issue size of 7.52 million shares, data from stock exchanges showed.

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