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NSE IPO Day 2: After 43% subscription on first day, what brokerages are saying

NSE IPO Day 2: After 43% subscription on first day, what brokerages are saying

National · 2 updates

NSE IPO Day 2: After 43% subscription on first day, what brokerages are saying

NSE IPO: On the first day, the issue was subscribed 43% overall, with bids received against the 8.86 crore shares on offer. Retail investors subscribed to 44% of the 4.41 crore shares reserved for them.

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By the end of Day 2, the issue had received bids for 1.16 times the 8.86 crore shares on offer. The retail portion, which had 4.41 crore shares reserved for individual investors, was subscribed 72%.