C Mahendra Exports IPO subscribed 43%

India Info Online.com reports that C Mahendra’s recent IPO was met with a subscription of 43%.

The story is quoted as saying:

C Mahendra Exports is into manufacturing and trading of diamonds, precious stones and jewellery. The company plans to use the IPO proceeds to establish a diamond processing unit, a jewellery manufacturing unit, retail outlets and for brand development

To access the whole story, click here.