IRM Energy IPO subscribed 4.36 times on second day of subscription
The Initial Public Offering (IPO) of city gas distribution company IRM Energy was subscribed 4.36 times on the second day of the offer on Thursday.
The Rs 545.40 crore-initial share sale received bids for 3,32,69,235 shares against 76,24,800 shares on offer, as per data available on the NSE.
The category for non-institutional investors was subscribed 9.08 times while the quota for Retail Individual Investors (RIIs) received 4.36 times subscription and the portion for Qualified Institutional Buyers (QIBs) got subscribed 1.18 times.
