IPO Subscription LIVE Updates: LCC Projects issue opens today; Prasol subscribed 41%

Glass Wall Systems (India)’s IPO was also fully subscribed on the first day of bidding.

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Overall subscription for the three-day issue stood at 2.52x the total number of shares on offer, when bidding closed on Tuesday.

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Subscription here was led by retail investors, with their overall portion seeing subscription of 3.74x on the first day.

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Non-Institutional Investors were not far behind either with a 3.02x subscription figure on Day 1.

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The portion reserved for institutional investors received negligible bids.

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– Price Band: ₹139 – ₹146 Per Share

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– A Combination of Fresh Issue and OFS

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– Minimum Retail Investment: ₹14,892

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– 35% of the IPO reserved for retail investors

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Prasol Chemicals’ IPO was not fully subscribed on the first day of bidding, with the overall issue seeing a subscription figure of 41%.

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None of the sections saw full subscription during the first day of bidding.

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The institutional portion has seen only negligible bids so far, while the portion reserved for non-institutional investors was subscribed 31%.

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Retail investors have led the subscription figures so far, with their portion being subscribed 69% the number of shares on offer.

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– Combination of Fresh Issue and OFS

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– Lot Size: 59 Shares and Multiples…

Original source: https://www.cnbctv18.com/entertainment/