Issue Oversubscribed 1.37X On Day 2 So Far

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