Garden Reach IPO was subscribed only 67% till the end of the day on Wednesday. Mumbai: Garden Reach Shipbuilders & Engineers Ltd. has extended its initial public offer to 1 October, from Wednesday, the state-run company said in a filing. The book running lead managers to the offer are IDBI Capital Markets & Securities Ltd. and YES Securities (India) Ltd. Aavas Financiers Ltd’s initial public offering (IPO) to raise up to ₹1,734 crore opened on Tuesday, amid the mayhem in the NBFCs space. On day 2, Aavas IPO was filled only 29%, and it remains to be seen how the last day pans out for this issue as well.

Source: Mint September 26, 2018 17:37 UTC