Allcargo Global Logistics public issue was oversubscribed 1.44 times within one day of its offer on the bourses.Allcargo, a mumbai-based logistics service provider, is planning to raise Rs 130-150 crore from the capital market through its initial public offer of 20.79 lakh equity shares.On the first day itself the issue was oversubscribed by 1.07 times primarily given by subscription from Qualified Institutional Buyers (QIBs) and retail investors.The company had set the price band at Rs 625-725 per share and the 100% book-building issue will close on June 6.The QIBs have already subscribed 1.83 times till yesterday evening, however retail buyers subscribed only 2,673 shares against 6.08 lakh shares reserved for them.
