TCNS Clothing’s initial public offer saw robust demand on the second day of the offer on Thursday and was subscribed over 200%.
The Rs1,125cr-IPO received bids for 2.21cr shares against the total issue size of 1.10cr shares on offer, exchange data showed.
QIB (Qualified Institutional Buyers) portion was the most sought-after and was subscribed over 600%, while NII (non-institutional investor) segment saw 0.05% subscription, and retail saw 0.06%.
The price band for the offer which closes on Friday, July 20, has been fixed at Rs714-716 per share.
TCNS Clothing Company had raised over Rs337cr from anchor investors.