[Update] Smartworks IPO: Issue Subscribed 50% On Day 1

by · Inc42

SUMMARY

  • The portion reserved for NIIs was completely subscribed, receiving bids for 22.14 Lakh shares against 22.17 Lakh shares on offer
  • The portion reserved for retail investors got bids for 29.56 Lakh shares as against 51.73 Lakh shares on offer, translating to 57% subscription
  • Employees bid for 49.9K shares out of the 1.07 Lakh shares reserved for them. This meant 47% subscription on the employee front