Alkem Lab IPO Oversubscribed 1.41 times On Second Day

Posted By: Religare
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The initial public offering of Alkem Laboratories was oversubscribed 1.41 times on the second day of the offer yesterday, said the media report.

The Rs 1,350-crore IPO received bids for 1,27,74,230 shares against the total issue size of 90,87,084 shares, according to data available with the NSE till 1700 hours.

Alkem Lab IPO Oversubscribed 1.41 times On Second Day
The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 2.33 times.

Retail investors category was also oversubscribed 1.28 times, while non-institutional investors saw 64 per cent subscription, data showed.

Alkem Laboratories has raised Rs 395 crore from anchor investors, including Abu Dhabi Investment Fund, by allotting shares at a price of Rs 1,050.

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