Updater Services IPO subscribed 16% on Day 2 of offer
The initial share sale received bids for 19,16,400 shares against 1,19,99,999 shares on offer, as per data available with the NSE. The Retail Individual Investors (RIIs) portion received 68 per cent subscription while the quota for non-institutional investors got subscribed 12 per cent.
The price range for the three-day IPO is Rs 280-300 a share. Updater Services has raised Rs 288 crore from anchor investors. Image Courtesy: Freepik.