The initial public offering (IPO) of Uma Exports continues to get good response from retail investors on March 29, the second day of bidding.
The offer has received bids for 3.84 crore equity shares against an IPO size of 92.3 lakh shares, with the issue being subscribed 4.17 times.
Retail investors have subscribed 5.62 times the allotted quota, while the portion set aside for non-institutional investors was subscribed 94 percent and that of qualified institutional investors was fully booked.
The agricultural produce and commodities trader is looking to mop up Rs 60 crore through the issue. The price band for the offer, which closes March 30, is Rs 65-68 a share.