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The initial public offering of Bharat Dynamics was subscribed 46 per cent on Wednesday, the second day of bidding. The IPO, which aims to raise ₹960 crore, has received bids for over 1.02 crore shares against the total issue size of 2.24 crore shares, according to data available with the NSE. The IPO, which is being made in a price band of ₹413-428, closes on Thursday. The PSU major is engaged in the manufacture of surface-to-air and anti-tank guided missiles, among others. SBI Capital Markets, IDBI Capital Markets & Securities and YES Securities are the book-running lead managers to the issue. Our Bureau
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