The initial public offer of text book publisher S Chand and Company was subscribed 52 percent on the first day of bidding Wednesday. The IPO received bids for 39,80,174 shares against the total issue size of 76,85,284 shares, as per NSE data. The portion set aside for qualified institutional buyers (QIBs) was subscribed 60 percent and noninstitutional investors, 23 percent. The retail investor category was also subscribed 60 percent.
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