ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Business

ICL Organic IPO oversubscribed by 2.92 times on final day of bidding

New Delhi [India], Feb 11 (ANI/NewsVoir): The Initial Public Offer (IPO) of Noida-based manufacturer of dairy products firm ICL Organic Dairy Products was oversubscribed by 2.92 times on the final day of the bidding process.

ANI Feb 11, 2020 15:47 IST googleads

ICL Organic Dairy Products

New Delhi [India], Feb 11 (ANI/NewsVoir): The Initial Public Offer (IPO) of Noida-based manufacturer of dairy products firm ICL Organic Dairy Products was oversubscribed by 2.92 times on the final day of the bidding process.
With its IPO, the company has become the first start-up in the FMCG industry to be listed on SME platforms of BSE Ltd.
The IPO, which looks to raise Rs. 4.08 Cr., received bids for 59,64,000 shares against the total issue size of 20,40,000 shares as per the BSE data.

The category reserved for retail was subscribed by 2.59 times and other investors were filled in 3.23 times. ICL Organic Dairy Products has fixed a price band of Rs 20 per share. The issue was closed on Tuesday. Finshore Management Services was the lead manager for this issue.
This story is provided by NewsVoir. ANi will not be responsible in any way for the content of this article. (ANI/NewsVoir)

Get the App

What to Read Next

Business

Piyush Goyal meets global industry leaders to deepen trade ties

Piyush Goyal meets global industry leaders to deepen trade ties

The meetings were inclined towards bolstering India's manufacturing capabilities and deepening its integration into global supply chains. The discussions focused on expanding investment partnerships and enhancing India's role as a critical hub in the Indo-Pacific region.

Read More
Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Govt Urges Citizens to Avoid Panic Booking

Govt Urges Citizens to Avoid Panic Booking

Amid global energy disruptions following the closure of the Strait of Hormuz, the government has assured that the domestic supply of LPG, petrol, diesel, kerosene, and natural gas remains stable, while citizens are urged to avoid panic booking and conserve fuel, said Sujata Sharma, Joint Secretary of the Ministry of Petroleum and Natural Gas, today.

Read More
Business

India Emerging as Stable Investment Anchor in Turbulent Global

India Emerging as Stable Investment Anchor in Turbulent Global

Mumbai (Maharashtra) [India], March 12: As military conflict in West Asia disrupts energy supplies through the Strait of Hormuz and global liquidity tightens, leading investors, policymakers and capital markets leaders gathered at IGF Mumbai 2026: Catalysing Capital to assess India's position in an increasingly fragmented global economy.

Read More
Business

India pushes for green ship recycling, euro-compliant yards

India pushes for green ship recycling, euro-compliant yards

India is rapidly expanding its ship recycling sector and upgrading shipbreaking yards to meet European environmental standards, as part of a broader effort to strengthen its maritime industry and reduce logistics costs, Sushant Kumar Purohit, Chairperson of VO Chidambaranar Port Authority, said today.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.