India State-Owned Garden Reach Shipbuilders IPO Shows Weak Response

Garden Reach Shipbuilding

Sept 26 (Reuters) – State-owned Garden Reach Shipbuilders & Engineers Ltd’s initial public offering (IPO) to raise up to 3.45 billion rupees ($47.45 million) received weak response from investors with only 67 percent of the shares on offer being subscribed on the closing day on Wednesday. Investors...

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