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Nazara’s IPO subscribed 10.55 times on day two driven by retail investors

Shortpedia

Content Team
Image Credit: shortpedia

The initial public offering (IPO) of Indian gaming company Nazara Technologies has received a strong response from institutional and retail investors. By 4 pm on Thursday, the second day of the IPO, the issue had been subscribed 10.55 times, with the retail portion being subscribed over 44 times, the QIB (qualified institutional buyer) portion subscribed 0.72 times the base and NII (non-institutional investor) portion subscribed 7.73 times.