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Garden Reach first PSU IPO to be extended as issue subscribed only 68%

By Ankit Doshi

  • 26 Sep 2018
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Garden Reach first PSU IPO to be extended as issue subscribed only 68%
Credit: Thinkstock

Garden Reach Shipbuilders & Engineers Ltd has extended its initial public offering by three days, as the warship maker became the first state-run company to fail to get enough bids for its maiden share sale. The issue received bids for 19.72 million shares at the end of the three-day subscription period ......

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