New Delhi, Dec. 12 -- The initial public offering (IPO) of Stanbik Agro, which opened for bidding today, December 12, received a muted response from investors, with the issue subscribed at just 5% on Day 1, as per the exchange data.

The retail portion was subscribed at 11%, while the Non-Institutional Investors (NIIs) segment has not yet opened for bidding. The company aims to raise Rs.12.28 crore from the issue, which is entirely a fresh issue of 0.41 crore shares.

The issue is priced at Rs.30 per share, with the minimum and maximum limit for retail investors fixed at 2 lots, consisting of 8,000 shares, requiring an investment of Rs.2.40 lakh. For HNIs, the minimum and maximum lot was fixed at 3 lots, requiring an investment of Rs.3.60...