Parag Milk IPO subscribed 1.4 times on day 5
Mumbai: The IPO of dairy firm Parag Milk "Foods, which has been extended till Wednesday, was oversubscribed by 1.4 times on the fifth day of the issue on Tuesday. The Rs760-crore IPO, which had opened for subscription on May 4, has received bids for 2,73,19,045 shares against the total issue size of 1,95,06,590, data available with the NSE till 5 PM showed. The portion set aside for QIBs was subscribed 67%, while that of Nils was subscribed 2.64 times. The retail investor category was also subscribed 1.83 times.