2/5/2025, 6:49:03 pm

Kenrik Industries IPO remains undersubscribed even on third day of bidding

Kenrik Industries' IPO remains undersubscribed on the third day, with 27.42 lakh shares subscribed out of 34.98 lakh, representing 78% of the offer. Retail investors took 24.6 lakh shares, while non-institutional investors subscribed to 2.82 lakh. The company aims to raise Rs 8.75 crore at Rs 25 per share for working capital and corporate purposes.