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The portion reserved for RIIs was oversubscribed 3.4X times, receiving bids for 1.05 Cr shares against 31 Lakh shares on offer
Non institutional investors (NIIS) bid for 36.52 Lakh shares as against 46.56 Lakh shares on offer, translating to 78% subscription
Bidding by qualified institutional buyers (QIBs) remained tepid, with a mere 6% subscription on Day 1
Update | July 23, 6:10 PM
The IPO of IndiQube
was subscribed 87% on the first day of bidding, with retail…
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.
The portion reserved for RIIs was oversubscribed 3.4X times, receiving bids for 1.05 Cr shares against 31 Lakh shares on offer
Non institutional investors (NIIS) bid for 36.52 Lakh shares as against 46.56 Lakh shares on offer, translating to 78% subscription
Bidding by qualified institutional buyers (QIBs) remained tepid, with a mere 6% subscription on Day 1
Update | July 23, 6:10 PM
The IPO of IndiQube was subscribed 87% on the first day of bidding, with retail…
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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