Susan Electricals IPO Exceeds Subscription on Day One, Utkal Speciality Remains Below Target on Day Two

Susan Electricals India Sees Strong Demand for IPO, Utkal Speciality Industries Faces Under-subscription

Susan Electricals India, a leading manufacturer of wires and cables, has received a healthy response from investors for its initial public offering (IPO), with the issue being subscribed 5.1 times on its first day of bidding, June 11. In contrast, the public issue of Utkal Speciality Industries, a paper-based products and packaging materials manufacturing company, was undersubscribed even on the second day of bidding.