New Delhi, Sept. 25 -- The initial public offering (IPO) of Jinkushal Industries saw healthy demand from both retail and non-institutional investors on its first day of bidding. The IPO, which remains open until Monday, September 29, was oversubscribed.

The IPO received bids for 1.54 crore shares against the total offer of 67.20 lakh shares, resulting in an overall subscription of 2.29 times by the end of Day 1, according to exchange data.

Retail investors showed strong interest, with their portion subscribed to 3.28 times, while non-institutional buyers showed similar enthusiasm, with their portion booked 3.02 times. The QIB portion was booked marginally at 0.02 times.

The company aims to raise Rs.116.11 crore through the offering, a ...