Milky Mist IPO Day 3 Live: ₹1,553-crore IPO susbcribed 2.17 times on Day 2, Shiprocket nears full subscription
Milky Mist IPO Day 3 live updates, Shiprocket IPO Day 2 Live Updates: Follow businessline for more stock market news
Milky Mist Dairy Food Ltd's IPO saw a subscription of 2.17 times on its second day of bidding, raising ₹1,553 crore from shares offered to investors. Shiprocket Ltd's IPO also made significant progress, with 97% subscription on the first day and continuing to receive strong interest on Day 2. Shiprocket's IPO was priced at ₹92-97 per share, with a total of 9,14,37,346 shares subscribed out of 9,44,36,030 shares on offer.
The retail investors accounted for 3.33 times subscription, while non-institutional investors subscribed 1.23 times. QIBs, which made up 65% of the quota, subscribed 2% of the IPO. Shiprocket will conclude its share sale on August 14, having raised Rs 727.41 crore from anchor investors on Tuesday.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
