The initial public offer (IPO) of Vishnu Prakash R Punglia was fully subscribed within a few hours of the bidding process on Thursday.
The issue was subscribed 1.39 times as of 12.19 pm, driven by strong demand from non-institutional and retail investors.
The retail portion of the issue was subscribed 2.03 times, and the non-institutional category’s subscription rate stood at 1.78 times. There were no bids from qualified institutional buyers so far.
More to come…
