New Delhi, March 24 -- The initial public offering (IPO) of Amir Chand Jagdish Kumar (Exports), a processor and exporter of basmati rice and other FMCG products in India, which opened for subscription today, March 23, received a solid response from all sections of investors.

By the end of the day, the issue was subscribed 1.26 times, with 2.25 crore shares bid for against 1.79 crore shares on offer, according to exchange data.

Non-institutional investors (NIIs) showed strong interest in the issue, with their portion subscribed 4.86 times, while the qualified institutional buyer (QIB) segment was booked 0.61 times. The retail portion was subscribed 0.39 times.

The initial public offering (IPO) of Amir Chand Jagdish Kumar (Exports) has o...