BMW Ventures IPO: The initial public offering (IPO) of BMW Ventures Ltd opened today, September 23, for public bidding, with the issue subscribed 11 per cent at the end of the bidding session. The company aims to raise Rs 231.66 crore from the public offering.

BMW Ventures IPO subscription status:

Investors bid for 25.38 lakh shares out of the total 2.34 crore shares on offer, with Qualified Institutional Buyers(QIBs), Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs), subscribing 1.08 times, 0.02 times and 0.13 times, respectively.

In simpler terms, QIBs led the demand and bid for 2.52 lakh shares against 2.34 lakh shares reserved, NIIs bid for 91,506 shares out of the allotted 56.16 lakh shares, and RIIs bid for 21.94 lakh shares out of 1.75 crore shares reser

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