Klassroom IPO Oversubscribed 1.18X On Day 3 Till Now
India, Aug. 4 -- Edtech startup Klassroom's IPO was completely subscribed on the final day of bidding. As of 13:20 IST, the issue received bids for 20.74 Lakh shares against a total size of 17.58 Lakh shares on offer, translating to an oversubscription of 1.18X.
The momentum continued to be shouldered by retail investors (RIIs), who have placed the highest number of bids for 12.76 Lakh shares against 8.18 Lakh reserved for them. This reflects a 1.56X oversubscription of their quota.
Trailing RIIs, interest from non institutional investors (NIIs) also picked pace on the third day of the IPO. These investors have now oversubscribed their quota by 1.02X, bidding for 4.85 Lakh shares compared to 4.76 Lakh shares reserved for them.
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