Mumbai: Footwear retailer Khadim India Ltd's initial public offering (IPO) of shares to raise up to Rs 543 crore ($84 million) was subscribed 1.9 times by the last day of the sale on Monday, stock exchange data showed.
Investors bid for about 9.7 million shares, compared with about 5 million shares on offer, according to data as of 7.15 pm.
Companies in India have raised more than $9 billion from IPOs so far in 2017, making it a record year for such sales.
Axis Capital and IDFC Bank were the bookrunners for the Khadim IPO.
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