New Delhi, Feb. 19 -- The allotment status for Tejas Cargo India's IPO is anticipated to be finalized on Tuesday, February 18, . The NSE SME offering was fully subscribed on the final bidding day, driven primarily by Non-Institutional Investors (NIIs).

The logistics company's initial public offering (IPO) opened on February 14 but saw weak investor demand during the first two days of subscription. However, the SME issue was fully subscribed on the final day. Through this IPO, the company plans to raise Rs.105.84 crore from the primary market.

The NSE SME issue saw bids exceeding 5.61 lakh shares, compared to the 42.09 lakh shares available, resulting in an overall subscription of 1.22 times by the third day.

Non-Institutional Investors...