BD Industries IPO, July 30 -- The initial public offering (IPO) of plastic components manufacturer BD Industries opened for subscription on Wednesday, Jul 30. The SME IPO is entirely a fresh issue of 42 lakh shares, aimed at raising about Rs.45.36 crore, which the company intends to use for the repayment or pre-payment of certain borrowings, funding working capital requirements, and investment in its subsidiary B.D. Industries (India) Private Limited, and for general corporate purposes.

By 10:40 AM on the first day of subscription on Wednesday, the issue had seen an overall subscription of 0.01 times, with the retail segment booked 0.02 times. The segments reserved for NIIs and QIBs had not seen any subscription till then.

1. BD Industr...