Sonaselection India IPO Sees 90% Subscription

Economic Times Markets · stocks

The Sonaselection India IPO has reached its final day of bidding, with overall subscription at 90% by Day 2. The issue received bids for 90.52 lakh shares against 1 crore shares offered. Retail investors showed strong interest, subscribing 1.29 times their reserved portion. The Rs 141.57-crore public issue, with a price band of Rs 94-99, aims to raise funds for debt repayment and capital expenditure.