BMW Ventures Ltd.'s initial public offering to open for its final day of subscription on Friday. (Image: Canva stock) Show Quick Read Summary is AI Generated. Newsroom Reviewed

BMW Ventures Ltd.'s initial public offering has opened for its final day of subscription on Friday. The IPO was subscribed 0.22 times or 22% on its second day on Thursday. While, the IPO was subscribed 0.11 times or 11%, led by Institutional investors on its first day on Wednesday.

The offering, which aims to raise up to Rs 231.66 crore, has a price band set at Rs 94 to Rs 99 per share.

The Bihar-based company's IPO will comprise only a fresh issue of 2.34 crore equity shares, with no offer for sale component. The market capitalisation based on the upper price band of BMW Ventures is Rs 858.48 crore.

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