New Delhi, July 30 -- The initial public offering (IPO) of Laxmi India Finance opened for subscription on Tuesday, July 29. The shadow lender is offering its shares in the price band of Rs.150-158 per share. Investors can apply for a minimum of 94 equity shares and in multiples thereafter. The IPO will close for bidding on Thursday, July 31.

On Day 2 of the IPO, as of 10:15 am, the issue was subscribed 0.44 times, receiving bids for 49.22 lakh shares against 1.13 crore shares on offer. The retail investor portion was booked 0.72 times, while the non-institutional investor (NII) segment saw 0.23 times subscription. The qualified institutional buyer (QIB) category was bid 0.10 percent. Moreover, the employee quota was subscribed 0.46 times...