The initial public offer (IPO) of Abans Holdings was subscribed 28% on day 2. The offer was open for subscription in December 12 and will conclude on December 15.
As per BSE data, the IPO receive bids for 35,27,260 shares out of 1,28,00,000 equity shares offered. The portion for Qualified Institutional Buyers (QIBs) was fully subscribed, while the category for Retail Individual Investors (RIIs) received 23 per cent subscription and non-institutional investors 13 per cent.
The company has reserved 60% of the offer for retail investors. Qualified institutional buyers will have 10% quota and the remaining 30% for high networth individuals. Click here to subscribe for Abans Holdings IPO.
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