VRL Logistics IPO a Top Draw, Subscribed Over 74 Times

Mumbai: Transport firm VRL Logistics' initial public offer (IPO) soared to stratospheric heights today when the share sale got subscribed over 74 times on the last day of the offer. This is also the first IPO in recent times where the subscription has crossed the 70 times mark. VRL Logistics' public issue received total bids of 1,20,76,05,620 as against the issue size of 1,62,69,006 shares, reflecting a robust subscription of 74.23...