Khadim IPO subscribed 1.89 times on last day

MUMBAI: The ₹543-crore initial public offering (IPO) of Khadim India Ltd saw an overall subscription of 1.89 times on Monday, the final day of the offering. The share sale opened on November 2. On the second day of the IPO, on Friday, the issue had witnessed subscription of 45%. As of 6pm on Monday, the portion of shares reserved for institutional investors was subscribed 2.45 times, while those set aside for retail investors and high networth individuals (HNI) were subscribed 2.3 times and 18%, respectively. Khadim had set a price band of ₹745-750 per share for the IPO.