BMW Ventures IPO, Sept. 24 -- The initial public offer (IPO) of BMW Ventures opens today, September 24 and will close for subscription on September 26.

The Rs.231.66 crore IPO, had fixed a price band in the range of Rs.94-99 apiece.

By 10.50 am on Day 1, the issue was subscribed 0.03 times. It received bids for 6.64 lakh crore shares as against 2.34 crore on offer. The retail portion was booked 0.04 times while the non-institutional investors (NII) and the qualified institutional buyers (QIBs) quotas had not received any bids yet.

BMW Ventures IPO GMP

BMW Ventures IPO has not been witnessing interest in the grey market, with a grey market premium (GMP) of Rs.0. This suggests that the shares are trading above the issue price. At the cu...