Prataap Snacks initial share sale offer was oversubscribed 1.08 times so far on the second day of bidding today.
The initial public offer (IPO), which aims to raise Rs 482 crore, received bids for 39,14,325 shares against the total issue size of 36,27,518, data available with the NSE till 1445 hours showed.
Prataap Snacks last week garnered a little over Rs 143 crore from anchor investors.
The company's Rs 482-crore issue size includes Rs 200 crore through fresh equity issue and the rest from sale of 30,05,770 shares.
The issue, with a price band of Rs 930-938 per share, will close for subscription tomorrow.
The company, which makes products under the 'Yellow Diamond' brand, aims to use the proceeds to expand capacity, marketing and brand building activities and retire the debt on its books.
Edelweiss, JM Financial and Spark Capital are managing the issue.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.