New Delhi, May 21 -- Bio Medica Laboratories IPO Day 1: The initial public offering (IPO) of Bio Medica Laboratories opened for public subscription on Thursday, 21 May. The SME IPO is a book build issue which combines a fresh issue of 33,95,000 shares and an offer for sale (OFS) of 3,77,000 shares.

Meanwhile, the grey market premium (GMP) of Bio Medica Laboratories indicates low optimism among investors for the IPO.

According to grey market sources, the GMP of Bio Medica Laboratories was nil on Thursday morning. This indicates the stock could list at par with its issue price.

By 1:20 pm on Thursday, the SME IPO had seen an overall subscription of nearly 0.40 times, with the retail portion booked 0.56 times, and the segment reserved for...