New Delhi, Jan. 30 -- The initial public offering of Accretion Nutraveda opened for subscription on January 28 has witnessed decent subscription in the 3 days of bidding. The SME IPO, which will close for bidding today, Friday, January 30, has set a price band in the range of Rs.122-129 per share.

The company aims to raise Rs.24.77 crore from this initial public offering (IPO), which is entirely a fresh issue of 19 lakh shares with no offer for sale (OFS) component.

The IPO allotment is expected on Monday, February 2, while successful applicants are likely to receive their shares on Tuesday, February 3. Refunds for non-allottees will also be processed on the same day. The stock is scheduled to list on the BSE SME with a tentative listin...