Update | February 10, 18:20 IST Aye Finance’s IPO continued to witness lukewarm demand on the second day of bidding and was subscribed 16% by the end of the day. The issue received bids for 72.87 Lakh shares against 4.55 Cr shares on offer. Retail investors led the pack, with the portion reserved for them subscribed 47%. They placed bids for 39 Lakh shares against 82.78 shares reserved. The portion reserved for qualified institutional buyers saw 13% subscription, receiving bids for 31.88 Lakh shares against 2.48 Cr shares reserved. Non-institutional investors showed the least interest in the public issue, with the portion reserved for them seeing just 2% subscription. They bid for 1.98 Lakh shares against 1.24 Cr shares on offer. Original | February 10, 14:47 IST NBFC Aye Finance’s IPO continued to see tepid response on the second day of bidding, with the issue subscribed 15% as of 13:48 IST. It received bids for 68.08 Lakh shares against 4.55 Cr shares on offer. Retail individual investors continued to drive the demand, placing bids for 34.67 Lakh shares against 82.78 Lakh shares reserved for them. This translated to a 42% subscription of their quota. The subscription for the qualified institutional… Read MoreInc42 Media
