BDL IPO sees 32% subscription

New Delhi: The IPO of Bharat Dynamics was subscribed 32 per cent on the first day of bidding on Tuesday. The IPO to raise `960 crore received bids for 72,49,970 shares against the total issue size of 2,24,51,953 shares, data available with the NSE till 1700 hrs showed. The portion reserved for QIBs was subscribed 50 per cent, noninstitutional investors 2 per cent and retail investors 21 per cent.