New Delhi, Sept. 10 -- As Sharvaya Metals' initial public offering (IPO) closed for bidding on Tuesday, September 9, investor focus has shifted to its allotment status, which is slated to be out on Wednesday, September 10.

The SME IPO witnessed a decent demand for its public offer, closing with 4.83 times bids. The qualified institutional buyer (QIB) quota was booked 1.28 times, the non-institutional investor (NII) portion was subscribed 6.09 times while the retail segment saw 6.31 times bids.

Sharvaya Metals IPO, worth Rs.58.80 crore, was a mix of offer for sale of Rs.9.80 crore and a fresh issue of Rs.49 crore. The issue price band was set Rs.192 to Rs.196 per share, requiring investors to apply in lots of 600 shares.

The company pla...