BMW Ventures IPO: The initial public offering (IPO) of BMW Ventures Ltd concluded its second day of bidding today, September 25, with the issue subscribed 22 per cent, according to the provisional exchange data. The Bihar-based company aims to raise Rs 231.66 crore from the public offering.

BMW Ventures IPO subscription status:

Investors bid for 52.12 lakh shares out of the total 2.34 crore shares on offer, with Qualified Institutional Buyers(QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), subscribing 1.08 times, 0.05 times and 0.27 times, respectively.

Specifically, QIBs bid for 2.52 lakh shares against 2.34 lakh shares reserved, NIIs bid for 2.55 lakh shares out of the allotted 56.16 lakh shares, and RIIs bid for 47.04 lakh shares out of 1.75 crore s

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