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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Lohia Corp IPO subscribed 43% on Day 2 so far. Here’s what latest GMP trends indicate

Lohia Corp IPO NSE

The initial public offering of technical textile machinery and equipment-maker Lohia Corp continued to see decent investor interest during its second day of public bidding, with the Rs 1,101 crore maiden issue of the company being subscribed 43% so far on Friday.

The public issue received bids for more than 61 lakh shares, as against the offer size of 1.43 crore shares, according to data on NSE at 10.36 am. Retail Individual Investors (RII) lead the numbers, booking 80% of their reserved portion. Qualified Institutional Buyers (QIB) meanwhile have subscribed 43% of the portion kept for them, while that reserved for the Non Institutional Investors (NII) has been booked 18% so far.

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