Aditya Birla Sun Life AMC IPO Subscribed Over 5 Times On Final Day
NDTV
Aditya Birla Sun Life AMC shares were in high demand among the qualified institutional buyers (QIBs) as the portion reserved for them was subscribed 4.1 times.
Aditya Birla Sun Life AMC's share sale via initial public offering (IPO) was subscribed 5.24 times by the end of the final day of the bidding on October 1. Aditya Birla Sun Life AMC shares received 14.56 crore bids for 2.77 crore shares on the offer. A total of 3.36 crore bids were received at the cut-off price, data from the National Stock Exchange showed.
Aditya Birla Sun Life AMC shares were in high demand among the qualified institutional buyers (QIBs) as the portion reserved for them was subscribed 4.1 times and foreign institutional investors (FIIs) placed bids for 78.87 lakh shares.
Domestic financial institutions comprising of banks/ financial institutions/insurance companies placed 51.86 lakh bids for Aditya Birla Sun Life AMC shares.
Retail investors which have shown high demand for shares in the ongoing IPOs showed tepid response to Aditya Birla Sun Life AMC IPO as the portion reserved for retail investors was subscribed 1.7 times. Portion for non-institutional investors was subscribed 2.6 times and portion set aside
