Mumbai, May 11: Parag Milk Foods' initial public offering (IPO), which was extended by three days, was oversubscribed 1.85 times, with qualified institutional investors quota receiving full subscription on the final day of the offer on Wednesday.
The Rs 760-crore IPO, which had opened for subscription on Wednesday, received bids for 3,56,91,955 shares against the total issue size of 1,95,06,590 shares, as per data available with the NSE till 1800 hrs.
The qualified institutional buyers (QIB) portion was oversubscribed 1.15 times, while non-institutional category was also oversubscribed 3.08 times, according to a company release. Retail portion was oversubscribed2.12 times. The issue was fully subscribed at the upper end of the price band — Rs 227 per share, it said. "We are happy to announce that the public issue process has been successfully completed with over subscription in all investor categories. During the