NSE IPO gets strong response; Issue to be fully subscribed by End of Day : NSE CBDO

Hyderabad, Sept 18 (UNI) The National Stock Exchange (NSE) IPO is receiving a strong response from investors and is expected to be fully subscribed by the end of day, NSE Chief Business Development Officer (CBDO) Sriram Krishnan said on Friday. The IPO, which opened for subscription on September 17, was subscribed 0.43 times on the first day, with bids received for 3,82,36,600 equity shares against 8,86,42,911 shares on offer. The offer closes on September 21. Addressing a press conference on the occasion of the forthcoming initial public offering, Sriram said the retail portion was 60 per cent subscribed, while the…