Very first day it had received an overwhelming response from investors especially QIBs. All bids came in at higher end of the band. This issue has been subscribed 22 times so far, as per the data available on the NSE website.
End of day3 the subscription details are as below:
1. QIBs : 40.4942
2. HNIs: 5.7636
3. Retail: 1.0913
Overall: 21.84
QIBs (qualified institutional investors) supported the issue with their reserved portion being subscribed over 40 times, reports CNBC-TV18.
QIB investors are Fidelity, Nomura, Capital International, Goldman Sachs AMC, Mirae AMC, Reliance MF, SBI, IDFC, LIC MF, HSBC, Halbis, Birla MF and ICICI Pru Life Insurance.
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