Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 25 September 2025: The initial public offering of BMW Ventures Ltd, a firm specializing in the marketing and distribution of steel products, was subscribed at 22 percent on the second day of the share issuance, Thursday.
According to NSE data, the IPO garnered bids for 5,212,369 shares against the 23,400,000 shares available.
The tranche reserved for Qualified Institutional Buyers (QIBs) was subscribed 1.08 times, whereas the segment allocated to Retail Individual Investors (RIIs) saw a subscription rate of 27 percent. The Non-Institutional Investors category achieved a mere 5 percent subscription.