Issue Subscribed 87% On Day 1 

The portion reserved for RIIs was oversubscribed 3.4X times, receiving bids for 1.05 Cr shares against 31 Lakh shares on offer

Non institutional investors (NIIS) bid for 36.52 Lakh shares as against 46.56 Lakh shares on offer, translating to 78% subscription

Bidding by qualified institutional buyers (QIBs) remained tepid, with a mere 6% subscription on Day 1

Update | July 23, 6:10 PM

The IPO of IndiQube was subscribed 87% on the first day of bidding, with retail…