1. Thyrocare IPO fully subscribed

Thyrocare IPO fully subscribed

The initial public offering (IPO) of Thyrocare was fully subscribed on the second day of the three day public offering.

By: | Mumbai | Updated: May 4, 2016 4:29 PM

The initial public offering (IPO) of Thyrocare was fully subscribed on the second day of the three day public offering. The initial share sale was subscribed 2.24 times till 5.30 pm, stock exchanges data showed.A total of 1.68 crore bids were received across the stock exchanges against 75.21 lakh shares on offer.

The retail book of the initial public offering (IPO) was subscribed 3.58 times. Individual investors bid for 1.34 crore shares against 37.61 lakh shares reserved. The institutional portion was subscribed 1.24 times as 26.67 lakh bids against 21.49 lakh shares on offer.However, the issue saw a lukewarm response from high networth individuals(HNIs) as the non-retail book was subscribed 0.43 times. HNIs bid for 6.94 lakh shares against 16.12 lakh shares reserved for the category.

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