As per the stock exchange data, the qualified institutional buyers (QIBs) category was subscribed 0.04 times. The non-institutional investors' category was subscribed 1.41 times. The retail individual investors (RIIs) category was subscribed 4.01 times.
The IPO on Wednesday has oversubscribed by over 1.02 times on day 1 led by a healthy response from retail investors.
The IPO will be available for subscription till September 14, 2020. Through the issue, the company plans to raise about Rs600cr.
The price band for the IPO is set at the lower end of Rs345 per share and the upper end of Rs350 per share.
Companies like ICICI Securities, Axis Capital, Edelweiss Financial Services and IDBI Capital Markets are acting as the book running lead managers (BLRM).