New Delhi, Dec. 11 -- The initial public offering (IPO) of Pajson Agro India, which opened for bidding today, was fully booked as institutional investors showed strong interest in the issue.

The IPO, which remains open for bidding until December 15, has received bids for 45.30 lakh shares against over 41.79 lakh shares on offer, resulting in a subscription rate of 1.08 times at the end of Day 1, according to exchange data.

Among investor segments, the Qualified Institutional Investors (QIB) segment was oversubscribed 3.54 times, while the Non-Institutional Investors (NII) segment was subscribed 0.18 times. The retail segment saw a modest response, with subscriptions at 0.09 times.

The company is looking to raise Rs.74.45 crore from the...