[Update] Smartworks IPO: Issue Oversubscribed 1.15X On Day 2

by · Inc42

SUMMARY

  • Non-institutional investors (NIIs) showed the maximum interest, with the portion reserved for them seeing 1.79X subscription
  • Retail investors’ portion was subscribed 118%, receiving bids for 60.82 Lakh shares against 51.73 Lakh shares on offer
  • Qualified institutional buyers (QIBs), who showed a muted response on Day 1, increased their participation on the second day with 63% subscription