On third day of Ankit Metal & Power IPO, the issue was subscribed for just 0.25 times. The initial public offering (IPO) got total biddings for 24.03 lakh shares from entire issue size of 95.90 lakh shares.

Foreign Institutional Investors (FIIs) bid for 11.10 lakh shares. Domestic Financial Institutions and Mutual Funds made no biddings.

On the other hand, Non Institutional Investors bid for 11.10 lakh shares. The retail investors bid for 1.82 lakh shares, out of which 1.52 lakh share were bid at shortcut rate and 29,070 shares were bid at price.

Ankit Metal and Power Limited is a Kolkatta based company that makes steel billets, re-rolled products and sponge iron. This is a 5 year old company endorses by Mr. Suresh Patni.