Ivalue Infosolutions IPO: Subscription Update
The technological service provider’s public issue has been subscribed 8 per cent within the first hour of bidding. Retail investors applied for over 971,000 shares compared to the 6.55 million shares reserved for the category at the time of writing, booking the issue 15 per cent. Non-institutional investors (NIIs) applied for over 115,000 shares against the 2.81 million shares set aside for them, booking 4 per cent in the category. Qualified institutional buyers (QIBs) applied for 3,350 shares of the technology service provider’s public issue on the first day of bidding against the 3.74 million shares set aside for the category.