Sigachi Industries IPO Subscribed 101.90 Times On Last Day

Chemical maker Sigachi Industries initial public offer (IPO) was subscribed 101.90 times on Wednesday, which was the last day of bidding

Chemical maker Sigachi Industries' initial public offer (IPO) was subscribed 101.90 times on Wednesday, which was the last day of bidding.

Investors bid for 54.88 crore equity shares against the IPO size of 53.86 lakh equity shares, as retail investors bought  80.47 times the shares set aside for them.

The non-institutional investors' (NIIs) portion had been subscribed 172.43 times while qualified institutional buyers (QIBs) had bid 86.1 times of their lot.

Sigachi Industries aims to raise Rs 125.43 crore at the upper price band by issuing 76.9 lakh shares.