The Rs 31.26 crore IPO, which was entirely a fresh issue of 28.94 lakh shares, witnessed strong investor response during the bidding period from February 6 to February 10. The issue was subscribed 22.33 times overall. The NII segment led the demand with 24.49 times subscription, followed by QIBs at 21.05 times and retail investors at 20.80 times. Investors bid for over 6.12 crore shares against 27.43 lakh shares offered to the public.
