New Delhi, July 3 -- Kratikal Tech IPO share allotment: After a bumper subscription of its initial public offering (IPO), cybersecurity solutions provider Kratikal Tech is expected to finalise the share allotment on Friday, 3 July.

The SME IPO opened for subscription on Tuesday, 30 June and closed on Thursday, 2 July, with an overall subscription of 221 times. The retail segment was booked nearly 220 times, while the segment reserved for NII saw a solid subscription of 325 times.

Kratikal Tech IPO was a fresh issue of 29.40 lakh shares. With a price band of Rs.128 to Rs.135 per share, the public issue was aimed at raising nearly Rs.40 crore. The company intends to use the net proceeds to invest in its subsidiaries to meet sales and mark...