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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