Mumbai, May 19 -- The initial public offer (IPO) of Accretion Pharmaceuticals received bids for 2,00,06,400 shares as against 27,34,800 shares on offer. The issue was subscribed 7.31 times.

Retail investors bid for 1,28,95,200 shares, non-institutional investors bid for 53,91,600 shares and qualified institutional investors bid for 17,19,600 shares.

The issue opened for bidding on 14 May 2025 and it closed on 16 May 2025. The price band of the IPO was set at Rs 96 to Rs 101 per share. The equity shares will list on NSE's SME platform.

The IPO comprised fresh issue of 29,46,000 equity shares. The promoter and promoter group shareholding diluted to 73.14% from 100% pre-issue.

The company intends to utilize the net proceeds for capital e...