Vahh Chemicals IPO, June 8 -- The initial public offering (IPO) of Vahh Chemicals, which deals in textile auxiliary chemicals, has seen a solid response from investors for its share sale. Vahh Chemicals IPO opened for subscription on June 4 and closes today, June 8.

The company shares are also seeing solid traction in the grey market.

As of the final day of the bidding process by 11 am, Vahh Chemicals IPO had received bids for 3,44,76,000 shares as against 21,28,000 shares on offer, resulting in a total subscription of 16.20 times.

The non-institutional investor (NII) quota was subscribed 12.40 times and the retail portion received 20 times bids.

The grey market premium (GMP) for Vahh Chemicals IPO stood at Rs.9. This means that share...