Thyrocare IPO subscribed 2.24 times on second day

The issue received bids for 1.68 shares against a total issue size of 75.21 lakh shares, as per the data available with the NSE.

Apr 28, 2016 12:04 IST India Infoline News Service

IPO
The initial public offering (IPO) of Thyrocare Technologies, a leading diagnostic chain, subscribed 2.24 times on second day. The issue opened yesterday for subscription and will close tomorrow.

The issue received bids for 1.68 shares against a total issue size of 75.21 lakh shares, as per the data available with the NSE. By 5:00 pm, retail individual investors (RIIs) have bid for 38.35 lakh shares on NSE, which was 1.02 times the quota reserved for investors in that category. Qualified institutional buyers (QIBs), who include FIIs and domestic institutions, have bid for 21.48 lakh shares.

The company is expected to mop up Rs.480 crore via the issue. The price band for the IPO has been set at Rs.420 - 446. 

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