New Delhi, Oct 1 (PTI) The initial public offer of agrochemical firm Advance Agrolife Ltd got subscribed 1.87 times on the second day of share sale on Wednesday.

The IPO received bids for 2,52,90,300 shares against 1,35,09,004 shares on offer, as per NSE data.

The Qualified Institutional Buyers (QIBs) portion fetched 3.50 times subscription, while the quota for non-institutional and retail investors received 1.22 times subscription each.

Advance Agrolife Ltd on Thursday last week announced a price band of Rs 95-100 per share for its Rs 193-crore initial public offering (IPO).

The Jaipur-based company’s IPO is entirely a fresh issue of 1.93 crore equity shares worth Rs 193 crore at the upper end of the price band.

Proceeds from the fresh issue to the tune of Rs 135 crore will be utilis

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