The initial public offering (IPO) of Chemplast Sanmar was subscribed 26 percent on August 11, the second day of bidding.
The reserved portion of retail investors was booked 1.29 times and that of non-institutional investors saw 6 percent subscription, the subscription data available on exchanges showed.
Qualified institutional buyers have put in bids for 3.41 lakh equity shares against their reserved portion of 2.17 crore equity shares.
Chemplast Sanmar plans to Rs 3,850 crore through its IPO that comprised a fresh issue of Rs 1,300 crore and an offer for sale of Rs 2,550 crore by selling shareholders.
The company has already mobilised Rs 1,732.5 crore from anchor investors, at the upper end of the price band of Rs 530-541 per equity share on August 9.
Currently, shares of the company are trading at a premium of Rs 15 in the grey market. This translates into a trading price of Rs 556, 2.7 percent higher compared to the upper end of the price band of Rs 541.
Also read - Chemplast Sanmar IPO opens: Should you subscribe?
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