Issue Oversubscribed 4.8X On Day 2 So Far

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SUMMARY

The public issue was oversubscribed 4.8X at 11:30, receiving bids for 52 Cr shares against 10.6 Cr shares on offer

Retail investors showed the highest interest, with the portion reserved for them seeing 11X subscription

The public issue comprises a fresh issue of up to INR 472 Cr and an OFS component of up to INR 1,428 Cr

After a bumper start with 3.1X oversubscription on the first day, Urban Company’s IPO continued to see strong interest on Day 2 as well. The public issue was oversubscribed 4.8X at 11:30,…



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Issue Oversubscribed 4.8X On Day 2 So Far


SUMMARY

The public issue was oversubscribed 4.8X at 11:30, receiving bids for 52 Cr shares against 10.6 Cr shares on offer

Retail investors showed the highest interest, with the portion reserved for them seeing 11X subscription

The public issue comprises a fresh issue of up to INR 472 Cr and an OFS component of up to INR 1,428 Cr

After a bumper start with 3.1X oversubscription on the first day, Urban Company’s IPO continued to see strong interest on Day 2 as well. The public issue was oversubscribed 4.8X at 11:30,…



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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