NSE IPO fully subscribed on day 2; retail demand remains below 1x
QIB, NII and employee portions fully subscribed as overall bids cross shares on offer
The National Stock Exchange (NSE) of India's ₹22,568.94-crore initial public offering (IPO) was fully subscribed on the second day of bidding, with strong demand across institutional, non-institutional, and employee categories. However, retail participation remained below the full-subscription mark, with the retail individual investor (RII) portion only subscribed 0.72 times. The issue received bids for 10.26 crore shares against 8.86 crore shares on offer, translating into an overall subscription of 1.16 times.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
