The SME issue received 12,94,57,600 bids on Day 2 against 86,73,600 shares on offer with an overall subscription of 14.93 times. The initial share sale, which opened on November 29, will conclude on December 3 (Tuesday).

As of 11:22 am, the issue received bids for 23,96,082 shares, amounting to 18% of its total offering of 1,34,32,533 shares. The retail portion was subscribed to 32%, while qualified institutional buyers (QIBs) had not placed any bids.

The quota for retail investors was subscribed 0.44 times shares of the allotted quota, while the portion set aside for non-institutional investors was subscribed 12 percent.

Suraksha Diagnostic IPO, which opened for public subscription on Friday, November 29, 2024, is set to conclude on Tuesday, December 3, 2024

The Rs 846-crore initial share sale will conclude on December 3. The shares are available in the price range of Rs 420 to Rs 441 apiece.

The initial public offering (IPO) of Suraksha Diagnostics Limited hit the Indian primary market on Friday last week. The public issue will remain open until December 3, 2024. This means investors have two days to apply for the public issue.

The price band for the IPO has been set between Rs 420 and Rs 441 per share. Each application must include a minimum of 34 shares, making the smallest investment for retail investors Rs 14,994 at the upper price limit.