New Delhi, Nov. 26 -- The initial public offering (IPO) of fabrics and garments manufacturer K K Silk Mills opened for public subscription on Wednesday, November 26. The BSE SME IPO is a fresh issue of 75 lakh shares to raise Rs.28.50 crore.

The IPO is witnessing tepid buying interest, as by 1:35 pm on Wednesday, the issue had been subscribed by almost half a per cent. As per grey market sources, the latest grey market premium of K K Silk Mills indicated the SME stock could be listed at a premium.

By 1:35 PM on Wednesday, the issue had seen an overall subscription of 0.43 times, with the retail portion booked 0.79 times, and the segment reserved for NIIs subscribed to 0.11 times. QIB's portion had not seen any subscription till that tim...