Issue Subscribed 43% On Day 2 So Far

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SUMMARY

In the early hours of Day 2, retail investors showed some momentum, clocking a subscription rate similar to the QIB portion

The retail category was subscribed 55%, with bids for 16.94 Lakh shares against the 30.6 Lakh shares on offer

Meanwhile, the QIB category, which had already reached 57% subscription by Day 1’s close, saw no additional participation and remained unchanged at 57%

After ending the first day of its IPO with an overall subscription of 39%, driven primarily by qualified institutional buyers (QIBs)…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Issue Subscribed 43% On Day 2 So Far


SUMMARY

In the early hours of Day 2, retail investors showed some momentum, clocking a subscription rate similar to the QIB portion

The retail category was subscribed 55%, with bids for 16.94 Lakh shares against the 30.6 Lakh shares on offer

Meanwhile, the QIB category, which had already reached 57% subscription by Day 1’s close, saw no additional participation and remained unchanged at 57%

After ending the first day of its IPO with an overall subscription of 39%, driven primarily by qualified institutional buyers (QIBs)…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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