Rishabh Instruments IPO: Issue subscribed 1.83 times on day 2 so far; retail, NII portion sees demand
IPO subscription status: Rishabh Instruments IPO was subscribed 1.83 times on day 2 so far. Rishabh Instruments IPO opened for subscription on Wednesday, August 30, and will close on Friday, September 1. Rishabh IPO received positive response from retail investors and non-institutional investors (NIIS) on day 2.
Qualified institutional buyers did not respond much to the issue on the second day. Retail and NII portion was fully subscribed on day 2. Rishabh Instruments IPO's retail investors portion was subscribed 2.33 times, NII portion was subscribed 3.04 times times, and QIBs portion was subscribed 6%.
Rishabh Instruments IPO has received bids for 1,42,53,276 shares against 77,90,202 shares on offer, at 15:36 IST, according to data from the BSE. Rishabh IPO's retail investors' portion received bids for 90,81,876 shares against 38,95,101 shares on offer for this segment. Rishabh Instruments IPO's non-institutional investors' portion received bids for 50,72,902 shares against 16,69,329 on offer for this segment.
Rishabh IPO's QIBs portion received bids for 1,28,758 shares against 22,25,772 on offer for this segment. Also Read: Rishabh Instruments IPO: Issue subscribed 73% on day 1, NII portion fully booked Rishabh Instruments IPO is made up of fresh issue that totals to ₹75 crore and offer for sale (OFS) portion aggregates to 9.43 million equity shares on upper band price through the Offer, which translates to ₹415.78 crore. The total issue size comes to ₹490.78 crore.
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