Issue Subscribed 30.2X, QIBs & NIIs Drive Demand

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SUMMARY

Media SaaS major Amagi’s IPO sailed through on the final day of bidding, with the issue subscribed 5.39X by 13:21 IST on the third day

Non-institutional investors (NIIs) emerged as the biggest drivers of demand, with their portion subscribed 10.66X. Within the category, large individual investors bidding above INR 10 Lakh led the charge, with the portion reserved for them subscribed 12.18X

Qualified institutional buyers (QIBs) also stepped up on the final day of bidding, with the…



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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 30.2X, QIBs & NIIs Drive Demand


SUMMARY

Media SaaS major Amagi’s IPO sailed through on the final day of bidding, with the issue subscribed 5.39X by 13:21 IST on the third day

Non-institutional investors (NIIs) emerged as the biggest drivers of demand, with their portion subscribed 10.66X. Within the category, large individual investors bidding above INR 10 Lakh led the charge, with the portion reserved for them subscribed 12.18X

Qualified institutional buyers (QIBs) also stepped up on the final day of bidding, with the…



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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