MUMBAI:
The initial public offer of Alkali Metals Ltd was subscribed 0.20 times on the
last day of the issue Friday. The IPO opened on Oct
7.
The issue was in the price
range of Rs 92-105 per
share.
According to NSE
website, the 25.50 lakh-share issue received 5,22,275 bids, of which 1,74,460
bids were received at cut off
price.
The company has two
manufacturing facilities located near Hyderabad and had recently enhanced the
manufacturing capacities and are now at 3,450 tonnes/year and 4,400 tonnes/year
respectively.