Moneyview IPO Oversubscribed 31.41X On Day 3 So Far
India, Sept. 28 -- Digital lender Moneyview's IPO was oversubscribed 31.41X by 13:45 IST on the final day of bidding today. The public issue received bids for 730.28 Cr Cr shares against 23.25 Cr shares on offer.
As per BSE data, the highest number of bids have come from non institutional investors (NIIs) till now, who have placed bids for 389.93 Cr shares against the 5.02 Cr shares earmarked for them. This translates to a 69.33X oversubscription of their quota.
Within the category, the portion reserved for investors bidding between Rs.2 Lakh and Rs.10 Lakh was oversubscribed 54.56X. Meanwhile, the portion for NII bids exceeding Rs.10 Lakh was subscribed 76.72X.
Following NIIs, qualified institutional buyers (QIBs) have oversubscribed ...
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