Signature Global’s Rs 730 crore IPO receives 54% subscription on first day of bidding

The Initial Public Offer (IPO) of realty firm Signature Global (India) received 54 per cent subscription on the first day of bidding on Wednesday.The public issue received bids for 60,34,704 shares against 1,12,43,196 shares on offer as per data available with the NSE.The portion for non-institutional investors was subscribed 1.42 times and the category for Retail Individual Investors (RIIs) got 89 per cent subscription.