New Delhi, Aug. 4 -- The initial public offering (IPO) of Mehul Colours, a manufacturer and exporter of masterbatches, witnessed an overall decent subscription. The Rs.21.66 crore SME IPO, which opened for subscription on Wednesday, July 30, and ended on Friday, August 1, was subscribed to about eight times.

The retail portion of the issue was booked 3.56 times, while the segment reserved for non-institutional investors (NIIs) saw a subscription of 11 times. The qualified institutional buyer's segment was booked 13.5 times.

Now that the subscription window has closed, the focus is on the share allotment.

The company is likely to finalise share allotment today, Monday, August 4. Successful bidders can expect the shares to be credited to...