Navkar Corporation IPO subscribed 36% on 2nd day

26 Aug 2015

The initial public offering (IPO) of logistics company Navkar Corporation was subscribed 36 per cent on the second day of the issue, said the media reports.

Navkar Corp's Rs 600 IPO received bids for 1.03 crore shares compared with 2.86 crore equity scrips on offer, translating into a subscription of 36 per cent, according to data available with the National Stock Exchange (NSE).

The bidding for the IPO would conclude on August 26. The price band for the issue has been fixed at Rs 147-155 per share.

Source: Dion Global Type: IPO Related

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