Indiabulls Power IPO subscribed 5.95 times on First Day
Indiabulls Power’s initial public offer (IPO) has received an overwhelming response on the very first day. The issue was subscribed 5.95 times, as per the data available on the NSE website.
QIBs (qualified institutional investors) and non-institutional investors supported the issue on the first day. Their reserved portion got subscribed 10.86 times and 2 times, respectively. Retail investors’ portion remained under-subscribed.
Let See what happen in coming three day’s. One more advantage of IPL is The Company has certain foreign investors such as FIM Limited and LNM India Internet Ventures Limited as its shareholders.
