Stock IPO copper alphabet under light http://i1298.photobucket.com/albums/ag50/nanoqfu/financial%20_zpsmioxqtyg.jpg | Photo Credit: jxfzsy
Day 1 Overview: On its opening day, the IPO garnered 57% subscription. Retail investors’ segment was heavily oversubscribed at 1.91 times, whereas the non-institutional investors subscribed 59%. The qualified institutional buyers (QIBs) segment saw a 10% subscription rate.
Day 2 Overview: By the end of the second day, the IPO achieved a subscription rate of 1.64 times. Retail investors recorded a robust 5.02 times subscription, while the non-institutional investors’ quota was subscribed at 2.26 times. The QIB segment saw a 20% subscription rate.
IPO Details:
- Total issue size: ₹6,632.3 crore
- Anchor portion: ₹2,984 crore
- Fresh issue: ₹1,060 crore
- Offer for Sale (OFS): 55.72 crore equity shares
- Price band: ₹95–₹100 per share
- IPO closes on: November 7
