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B2B ecommerce company ArisInfra Solutions’ public issue continued to witness high investor interest on the final day of bidding. As per the data on the BSE, the issue was oversubscribed 2.44X at 03:05 PM on day 3, with bids placed for 3.19 Cr shares as against the 1.31 Cr shares on offer.
Retail investors were the most bullish about the company’s IPO, oversubscribing their quota 5.15X. These investors placed bids for 1.23 Cr shares against the 23.79 Lakh shares on offer.
Trailing retail investors were non-institutional investors (NIIs), who bid for 99.10 Lakh shares against the 35.69 Lakh shares earmarked for them. This translated to 2.78X oversubscription.
As is generally the case, interest from qualified institutional buyers (QIBs) picked up significantly on day three. They placed bids for 97.50 Lakh shares against the 71.37 Lakh shares reserved for them, leading to 1.37X oversubscription.
In the QIB category, foreign institutional investors (FIIs) showed the highest interest and placed bids for 91.91 Lakh shares. Domestic financial institutions and mutual funds only bid for 4,500 and 938 shares, respectively.
(The story will be updated soon)
The post ArisInfra IPO: Issue Oversubscribed 2.4X On Day 3 So Far appeared first on Inc42 Media.
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