 "Day 1: Kelkar IPO subscribed 42%")
Mumbai-based fragrance manufacturer SH Kelkar’s Initial Public Offering (IPO) was subscribed 42 per cent on day one, on Wednesday. The 20.2-million share offering has so far received 8.4 million bids. SH Kelhar is looking to raise a little over Rs 500 crore from its IPO, to close on Friday. The company has priced its IPO in the range of Rs 173 to Rs 180 per share.
JM Financial, Kotak Mahindra Capital, and Keynote Capital are handling the IPO.