New Delhi, Dec. 2 -- The initial public offering (IPO) of Astron Multigrain, which opened for subscription on Monday, continued to witness a tepid response as it was subscribed 0.91 times at the end of Day 02, with 25.10 lakh shares bid for against the 27.72 lakh shares on offer.

The retail portion was subscribed 1.53 times, while the non-institutional investor segment was booked at 0.28 times.

The Rs.18.40 crore issue comprises a combination of a fresh issue of 0.23 crore shares aggregating to Rs.14.74 crores and an offer for sale of 0.06 crore shares aggregating to Rs.3.65 crores.

The price band has been fixed at Rs.63 per share, while the lot size is set at 4,000 shares, requiring a minimum investment of Rs.252,000 for retail invest...