On the last day of bidding for the Virat Kohli-backed Go Digit IPO, the total subscription reached 9.60 times, led institutional investors who subscribed to the issue 12.56 times. Non-institutional buyers (NII) subscribed 7.24 times and retail investors 4.27 times.
The IPO, which aims to raise Rs 2,614.65 crore, closed its subscription period on May 17. This IPO included a fresh issue of 4.14 crore shares worth Rs 1,125.00 crore and an offer for sale of 5.48 crore shares totalling Rs 1,489.65 crore. The price range for the shares was set between Rs 258 and Rs 272 each.
The allotment for the Go Digit IPO is expected to be finalised on Tuesday, May 21.