Electronics Mart IPO subscribed 757 times on second day
New Delhi, Oct 6 (PTI) The initial public offering (IPO) of consumer durables retail chain Electronics Mart India was subscribed 7.57 times on the second day of the issue on Thursday.
According to the NSE, bids have been received for 47.29 crore shares on an offer of 6.25 crore shares under the IPO.
The share of non-institutional investors was subscribed the most at 11.74 times, while that of retail individual investors (RIIs) was subscribed the most at 7.81 times. The Institutional Investors (QIBs) category was subscribed 4.01.
New shares up to Rs 500 crore will be issued in the IPO. There is no sale offer.
The price range for the IPO has been fixed at Rs 56-59 per share.
Domestic stock markets remained closed on Wednesday on account of Dussehra festival.
