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Mukul Agarwals Sanshi Fund-backed Neochem Bio Solutions SME IPO opens. Check subscription status and other details

Neochem Bio Solutions Rs 44.97 crore SME IPO opened on December 2 with a slow start, recording just 0.02 times subscription by mid-morning on Day 1, driven entirely by retail bids. The issue carries a mild GMP of Rs 5, indicating modest listing sentiment. Anchor investors, led by Mukul Agarwals Sanshi Fund with a 39% share, subscribed Rs 12.77 crore ahead of the launch.