Aanjaneya Lifecare Limited which is tapping the capital markets with its IPO for 50 lakh shares in a price band of Rs 228-240 failed to get satisfactory response from QIB’s when the issue closed for them on Wednesday. Against a reservation of 50% of the issue size or 25 lakh shares the issue received bids for a mere 1,85,800 shares which is 7.43% of the reservation for QIB’s.

Other bidders who have one more day for bidding have so far put in bids for 13,11,200 shares which is 52.44% of the reservation for HNI’s and Retail. The overall subscription so far is 14,97,000 which is roughly 30% of the issue size.