New Delhi, Aug. 19 -- The initial public offering (IPO) of Shreeji Shipping Global received a healthy response on its first day of bidding, August 19, with investors placing bids for 2.43 crore shares against the total offer of 1.14 crore shares, resulting in an overall subscription of 2.13 times by the end of Day 1, according to exchange data.

Non-institutional buyers showed strong interest, with their portion subscribed 3.54 times, while the retail investors' portion was booked 2.13 times. The QIB (Qualified Institutional Buyers) portion was subscribed just 1.09 times.

The company aims to raise Rs.410 crore through the offering, which is entirely a fresh issue. The IPO price band is set at Rs.240 to Rs.252 per share. Retail investors ...