The non-institutional investor (NII) portion, primarily high-net-worth individuals, was subscribed 0.26 times, while the retail investor portion saw a subscription of 0.38 times. The employee reserved portion, offered at a discount of INR 186 per share, was oversubscribed at 1.31 times (130%). Meanwhile, the qualified institutional buyer (QIB) portion was subscribed 0.58 times.
The IPO will remain open for subscription until Thursday evening. About 35% of the total shares in the offering are reserved for retail investors, while QIBs and NIIs are offered 50% and 15% of the issue size.
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