Ratnaveer Precision IPO: Data showed the quota reserved for non-institutional investors (NIIs) was subscribed 84 times while the one reserved for retail individual investors (RIIs) received 38 times bids.
The non-institutional category was subscribed the most at 42.23x, followed by retail investors at 23.08x. The demand from qualified institutional buyers gained momentum towards the later half of the day, with category subscription at 4.2x
Ratnaveer Precision Engineering will raise Rs 165 crore from its IPO which includes a sale of 1.38 crore fresh shares while its promoter will offloard 30.40 lakh shares.