The institutional (QIB) part of the IPO, in which a little over 4.9 crore shares were offered, was subscribed nearly 9.5 times while the high-net-worth investors’ portion, in which about 3.6 crore shares were reserved, was subscribed 1.7 times. Usually, in most initial offerings, institutional players apply on the last day of the offer.
The institutional (QIB) part of the IPO, in which a little over 4.9 crore shares were offered, was subscribed nearly 9.5 times while the high-net-worth investors’ portion, in which about 3.6 crore shares were reserved, was subscribed 1.7 times. Usually, in most initial offerings, institutional players apply on the last day of the offer.
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