Molbio Diagnostics IPO Subscribed 4.39 Times on Final Day

Molbio Diagnostics makes a small machine called Truenat that helps doctors find diseases quickly, even in places without big laboratories.

The machine runs on batteries and can give test results in about an hour.

The company wants to grow, so it is selling parts of itself to the public for the first time, which is called an IPO.

People can buy shares for between ₹768 and ₹807 each.

By the last day of the sale, investors had asked for more than four times as many shares as the company was offering.

The company's own employees were very interested, and big-money investors asked for more than nine times the shares set aside for them.

Unofficial 'grey market' traders think the shares might be worth about ₹945 when they start trading.

Some experts say buying the shares is good for patient, long-term investors, while one firm warns the price is already fully paid for.

The money raised will help expand the company's factories in Goa and Visakhapatnam.

The shares are expected to start trading on August 17.