New Delhi, Feb. 25 -- The initial public offering (IPO) of Shree Ram Twistex closed with a bumper demand on Wednesday, February 25, with massive demand seen from the non-institutional investors (NIIs).

The IPO, which opened on Monday, was booked 75% as of the second day of bidding. However, on the third and final day, the book-built offer witnessed massive traction.

According to data from BSE, Shree Ram Twistex IPO was subscribed 43.66 times as it garnered bids for 46,28,41,632 shares as against 1,06,00,000 shares on offer. The NII portion was booked the most at 220.30 times.

Meanwhile, the retail quota was subscribed 76.63 times and the qualified institutional buyer (QIB) segment saw 3.94 times bids.

The grey market premium (GMP) for...