New Delhi: The initial public offer of Maheshwari Logistics has garnered a whopping subscription of Rs123 crore, making it the second highest share sale of a small and medium enterprise (SME). The issue, which was subscribed 4.53 times of total shares offered, witnessed huge participation of both retail and non-retail investors, including corporates and HNIs.
The IPO came with a public offering of 39,96,000 equity shares at a price of Rs68 per equity share on Emerge platform of NSE. Prior to that, SME IPO of Agro Phos India over subscribed more than 17 times and garnered record…