The IPO of Real estate major, Parsvnath Developers was heavily oversubscribed. The total subscription stood at around 64 times. Here is the break-up
Qualified Institutional Buyers (QIBs) 81.4532 Subscription (Heavy Demand from FIIs).
Non Institutional Investors 100.4308 Subscription
Retail Individual Investors (RIIs) 10.9353
Employee 2.6669 Subscription
This means all retail applications for 220 shares or more will get a firm allotment.
This is according to data obtained from BSE Terminal at Midnight 00:00 hours exclusively by DalalStreet.Biz analysts.
Tags:IPO India , India Real Estate, Parsvnath Developers, BSE