Godrej Agrovet IPO subscribed 2.33 times on Day 2

The price band has been fixed at Rs 450-460 per share. At the upper end of the price band, the sale would fetch around Rs 1,157 crore

The initial public offering (IPO) of Godrej Agrovet was oversubscribed 2.33 times on the second day of subscription on Thursday.
 
The IPO to raise around Rs 1,157 crore received bids for 41,993,536 shares against the total issue size of 18,027,464 shares, data available with the NSE showed. The portion meant for qualified institutional buyers (QIBs) was oversubscribed 1.95 times, non institutional investors 2.06 times and retail investors 2.77 times. IPO was subscribed 52 per cent on Day 1.
 
Godrej Agrovet earlier this week raised a little over Rs 341 crore from anchor investors. The IPO of the company,