APAG public subscription oversubscribed by 183.38%

Mettis Global reported that the public subscription for APAG has closed, with the offering oversubscribed by more than 183.38%. According to the company, the response reflects investor faith in the firm's business, brands and growth plans. APAG also thanked every investor who took part in the offer and helped the company reach this milestone.

The earlier book-building stage also drew strong demand, with the issue oversubscribed 1.84 times and the strike price set at Rs33 per share. Sponsors and management welcomed the new shareholders and thanked investors for their overwhelming response. Both stages together drew heavy interest from investors. The company described the outcome as the start of a fresh chapter, saying its journey has only just begun.