Uzha
Sign in
← Today's brief

Business · Updated 16 Oct, 03:02 pm IST

Zetwerk IPO 31% Subscribed After Second Day of Bidding

Image: Inc42

Why it matters for readers: It’s a snapshot of how a large company’s public offering is being received by different investor groups.

  • The IPO comprises a fresh issue of ₹2,830 crore and an offer-for-sale of up to 14.45 crore shares, priced in a ₹143-₹151 band.1
  • Overall subscription stood at 31% by the end of the second day, with 5.75 crore shares bid against 18.51 crore on offer.1
  • Qualified Institutional Buyers (QIBs) had subscribed 37% of their allocation as of the update.1
  • Retail investors had subscribed 36% of their quota, while Non-Institutional Investors (NIIs) subscribed 16%.1
  • The employee portion was 48% subscribed after two days of bidding.1
SaveAsk about this story
Report a mistake in this summary

Get a brief like this every morning

Uzha reads hundreds of sources and gives you the stories that matter for your work, with every source linked. Free.

Get started