Scoda Tubes IPO: The oversubscription was largely fueled by non-institutional investors (NIIs), who had subscribed to the issue 8.63 times by around 12:40 pm. Retail investors followed, subscribing 4.09 times, while qualified institutional buyers (QIBs) subscribed 1.8 times.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets