The category reserved for NIIs was subscribed the most at 54.69 times, followed by retail investors at 23.57 times. The QIB category was fully subscribed on the third day, after lagging for the first two days.
The company has fixed a price band of Rs 200-211. About 50% of the offer is reserved for qualified institutional buyers (QIB), 15% for non-institutional investors, and the rest 35% for retail investors
Analysts advised investors to subscribe to the IPO over fair valuations, robust order book, and strong execution capabilities with vast industry experience.