Moneyview IPO Subscribed 3.55X On Day 2, NIIs Lead With 7.77X Subscription
India, Sept. 25 -- Digital lender Moneyview's Rs.1,092 Cr IPO was subscribed 3.55X by 13:15 IST on the second day of bidding. The public issue received bids for 82.65 Cr shares against 23.25 Cr shares on offer, according to BSE data.
Non-institutional investors (NIIs) led the demand, placing bids for 39.01 Cr shares against the 5.02 Cr shares reserved for them, translating into a subscription of 7.77X.
Within the category, the portion reserved for investors bidding between Rs.2 Lakh and Rs.10 Lakh was subscribed 10.08X. Meanwhile, the portion for bids exceeding Rs.10 Lakh was subscribed 6.61X.
Retail investors subscribed to their quota 3.67X, placing bids for 43.02 Cr shares against the 11.72 Cr shares reserved for them.
The qualified...
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