The IPO of Niraj Cement Structurals was subscribed only 0.37 times till Thursday. The issue received 11,95,920 bids as against the net issue to the public is for 29,25,000 shares while 8,30,940 bids were received at the cut off price.
The retail portion of 10,23,750 shares was subscribed 0.70 times and the non-institutional investor portion of 4,38,750 shares received 0.61 times subscription.
The retail portion of 10,23,750 shares was subscribed 0.70 times and the non-institutional investor portion of 4,38,750 shares received 0.61 times subscription.
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