After closing the first day of its IPO with an overall subscription of 87%, workspace solutions provider IndiQube’s public issue was oversubscribed 1.37X by 12:05 PM
The non-institutional investors (NIIs) also made a complete subscription at 116%. NIIs placed bids for 54 Lakh shares compared to 46.5 Lakh shares reserved for them
The QIBs opted for 23.8 Lakh bids against 93.1 Lakh shares on offer, translating into 26% subscription
After closing the first day of its 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.
