New Delhi, Aug. 29 -- The IPO of Sugs Lloyd, which opened for bidding on August 29, witnessed muted investor interest, with the issue subscribed 0.50 times as of 2:30 p.m., according to exchange data.

The issue received bids for 30.87 lakh shares against 62.18 lakh shares on offer. Segment-wise, the non-institutional investor category was subscribed 1.11 times, while the retail portion was subscribed 0.17 times. The Qualified Institutional Buyer (QIB) category has not yet opened for bidding.

The company plans to utilize the net proceeds from the IPO to meet working capital requirements and for general corporate purposes.

1. Sugs Lloyd IPO date: The issue opened for subscription today, August 29, and will conclude on Tuesday, September ...