JSW Infrastructure IPO: 37x subscription on last day

10:30:00 PM, Wednesday 27th of September 2023 | in business

JSW Infrastructure, a leading port-related infrastructure company, has seen its initial public offering (IPO) subscribed 37.37 times on the final day of bidding. The retail investors' portion has been oversubscribed by 10.31 times, while non-institutional investors (NII) subscribed 15.99 times. Qualified institutional buyers (QIB), having the maximum quota of 75% in the offer, have subscribed 57.09 times so far.