ANB Metal Cast IPO, Aug. 8 -- The initial public offering (IPO) of ANB Metal Cast opened for subscription on Friday, August 8, and will remain open until Tuesday, August 12.

The Rs.49.92 crore SME IPO is a fresh issue of 32 lakh shares. The company intends to use the net proceeds to fund capital expenditure requirements and for general corporate purposes.

By 10:30 AM on Friday, the first day of subscription, the issue had seen an overall subscription of 0.05 times, with the retail segment booked 0.03 times. The segments reserved for NIIs were booked 0.24 times, and the QIB segment had not seen any subscription until then.

1. ANB Metal Cast IPO GMP: According to market sources, the latest grey market premium (GMP) of Connplex Cinemas sh...