New Delhi, Dec. 2 -- Neochem Bio Solutions IPO Day 1: The initial public offering (IPO) of Neochem Bio Solutions opened for public subscription today, December 2, and will conclude on Thursday, December 4. The Rs.44.97 crore SME issue is entirely a fresh issuance of 46 lakh shares with no offer for sale (OFS) component.

The price band for the Neochem Bio IPO has been set between Rs.93 and Rs.98 per equity share.

The basis of allotment for the Neochem Bio IPO is expected to be finalised on Friday, December 5. Successful applicants are likely to receive the shares on Monday, December 8, while refunds for those who do not receive an allotment will also be processed on the same day.

Neochem Bio is scheduled to list its shares on NSE SME on...