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The maiden share sale got subscribed 17.40 times on the second day of bidding on Wednesday. The Initial Public Offer (IPO) received bids for 7,55,13,970 shares against 43,40,100 shares on offer., Markets News - Times Now
The follow-on public offer (FPO) of Patanjali Ayurved-backed Ruchi Soya has been subscribed 2.61 times so far on the last day of the bidding. As of 2:51 pm, the FPO received 12.78 lakh crore bids as against 4.89 lakh crore shares offered.
If the scheme is approved by the cabinet in said meeting, then the Ministry of Electronics and Information Technology (MeitY) will work out the details.
Notably, the move comes at a time when the industry in the world is suffering due to shortage of semiconductor which is a key component in all types of electronic devices.