Mumbai, Feb. 21 -- The initial public offer (IPO) of Kalahridhaan Trendz received bids for 4,07,79,000 shares as against 49,98,000 shares on offer. The issue was subscribed 8.15 times.

The Retail Individual Investors (RIIs) category received bids for 2,45,94,000 shares. The Non-Institutional Investors (NIIs) category received bids for 1,61,55,000 shares. The Qualified Institutional Buyers (QIBs) category received bids for 30,000 shares.

The issue opened for bidding on 15 February 2024 and it closed on 20 February 2024. The price of the IPO was fixed at Rs 45 per share. The equity shares will list on NSE's SME platform.

The IPO comprised fresh issue of 49,98,000 shares. The promoter and promoter shareholding diluted to 68.24% from 96.22...