BD Industries IPO: The initial public offering (IPO) of plastic components manufacturer BD Industries opened for subscription on Wednesday, Jul 30. The SME IPO is entirely a fresh issue of 42 lakh shares, aimed at raising about ₹45.36 crore, which the company intends to use for the repayment or pre-payment of certain borrowings, funding working capital requirements, and investment in its subsidiary B.D. Industries (India) Private Limited, and for general corporate purposes.
BD Industries IPO subscription status
By 10:40 AM on the first day of subscription on Wednesday, the issue had seen an overall subscription of 0.01 times, with the retail segment booked 0.02 times. The segments reserved for NIIs and QIBs had not seen any subscription till then.
BD Industries IPO details
1. BD Industries IPO GMP: According to market sources, the latest grey market premium (GMP) of BD Industries shares was nil. The latest GMP indicates the stock could be listed at par with the issue price.
(This is a developing story. Please check back for fresh updates.)
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