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The Rs 20,000 crore share sale of Adani group’s flagship agency was totally subscribed on Tuesday after non-retail buyers bid in massive volumes, in line with inventory change knowledge.
As many as 4.62 crore shares have been sought as in opposition to a suggestion of 4.55 crore.
Non-institutional buyers put in bids for over thrice the 96.16 lakh shares reserved for them, whereas the 1.28 crore shares reserved for certified institutional patrons (QIBs) was virtually totally subscribed, in line with BSE knowledge.
There was, nonetheless, muted response from retail buyers and firm staff.
Retail buyers, for whom roughly half of the problem was reserved, bid for simply 11 per cent of the two.29 crore shares earmarked for them. Workers sought 52 per cent of the 1.6 lakh shares reserved for them
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