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NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?

According to exchange data, investors bid for 3.83 crore shares against the 8.86 crore shares offered in the issue. Non-institutional investors subscribed to 72% of their quota, while the retail portion was subscribed 44%.

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Times of IndiaLean R·1h ago
NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?
According to exchange data, investors bid for 3.83 crore shares against the 8.86 crore shares offered in the issue. Non-institutional investors subscribed to 72% of their quota, while the retail portion was subscribed 44%.
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NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?

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NSE IPO: Why did India's second largest initial public offering not get fully subscribed on Day 1?

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