M&B Engineering IPO subscribed 66% on Day 1; retail portion booked 2.59x
M&B Engineering Ltd launched its Rs 650-crore initial public offering (IPO) for subscription on Wednesday, July 30. The IPO received bids for 64.82 lakh shares against the total offer size of 97.98 lakh shares, as per data available on the BSE at 5 pm. Retail investors led the charge, subscribing 2.59 times of their allotted quota….