New Delhi, July 7 -- Mumbai-based Chemkart India's initial public offering (IPO) opened for subscription on Monday, July 7, and will close on Wednesday, July 9. The SME IPO aims to raise Rs.80.08 crore through a combination of fresh issue and offer for sale, with a price band set at Rs.236-248 per share. Early signs point to healthy retail investor interest as the IPO received a solid response in the initial hours of bidding.

As of 1:25 PM on Day 1, Chemkart India's IPO was subscribed 0.26 times, according to data available. The issue was bid for 5.69 lakh shares as against 21.51 lakh on offer. The retail portion was subscribed 0.06 times, while the non-institutional investor (NII) category saw 1.09 times subscription. Meanwhile, the QIB...