New Delhi, Feb. 23 -- Shree Ram Twistex IPO in focus: The initial public offering (IPO) of Shree Ram Twistex, a manufacturer of cotton yarns, which opened for subscription today, February 23, received a muted response from investors. By the end of the day, the issue was subscribed just 0.11 times, with 12.12 lakh shares bid for against the 1.06 crore shares on offer, according to exchange data.

The retail portion was subscribed 0.96 times, while Non-Institutional Investors (NIIs) subscribed just 0.12 times, and the qualified institutional portion has not yet opened for bidding.

The IPO, which opened today, will remain available for bidding until Wednesday, February 25. It aims to raise Rs.110.24 crore through this IPO, which is entirely...