ICL Organic IPO Oversubscribed by 2.92 Times on Final Day of Bidding

Related Articles

A New Era of Investment: Madhya Pradesh Prepares for Global Investors Summit 2025

February 23, 2025

Scaling Business Growth with Whinta: AI-Powered WhatsApp Marketing

February 7, 2025

Travel super app Hahalolo opened the India office to contribute to local tourism promotion

September 9, 2022

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 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 Serviceswas the Lead Manager for this issue.

Comments