Apex Frozen Foods IPO subscribed 1.2 times

NEWDELHI: The initial public offering (IPO) of Apex Frozen Foods that deals in aquaculture products was oversubscribed 1.12 times so far on the second day of bidding on Wednesday. The IPO, with an aim to raise up to ₹152 crore, received bids for 69,46,240 shares as against the total issue size of 62,10,000, NSE data till 1445 hours showed. Apex Frozen on Monday raised over ₹43 crore from anchor investors. The offer will close on Thursday. The offer of up to 87 lakh shares with a face value of ₹10 each is in the price band of ₹171-175.