New Delhi, Aug. 26 -- Current Infraprojects IPO in focus today: The IPO of Current Infraprojects, which opened for bidding today, August 26, was oversubscribed, receiving bids for 3.71 crore shares against the 35 lakh shares on offer, resulting in an overall subscription of 10.60 times, as per the exchange data.

The retail investor segment saw the highest demand, subscribed 11.93 times, while the non-institutional investor (NII) portion was subscribed 9.83 times, and the Qualified Institutional Buyer (QIB) portion recorded strong interest with a subscription of 9.88 times.

The company plans to utilize the net proceeds from the IPO for investment in its wholly owned subsidiary, Current Infra Dhanbad Solar Private Limited, to set up an 18...