Kalpataru IPO subscribed 35% on day 2 of bidding
NEW DELHI: The initial share sale of real estate developer Kalpataru Ltd got subscribed 35 per cent on the second day of bidding on Wednesday. The initial public offer (IPO) received bids for 79,59,780 shares against 2,28,26,516 shares on offer, according to NSE data. Retail Individual Investors (RIIs) part got subscribed 72 per cent, while the non-institutional investors category received 45 per cent subscription. The quota for Qualified Institutional Buyers (QIBs) fetched 17 per cent subscription. Kalpataru Ltd on Monday said it has garnered Rs 708 crore from anchor investors. The company has fixed a price band of Rs 387-414…