The Rs 20,000 crore share sale of Adani group's flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data.
As many as 4.62 crore shares were sought as against an offer of 4.55 crore.
Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed, according to BSE data.
There was, however, muted response from retail investors and company employees.
Retail investors, for whom roughly half of the issue was reserved, bid for just 11 per cent of the 2.29 crore shares earmarked for them. Employees sought 52 per cent of the 1.6 lakh shares reserved for them.
Adani Enterprises FPO: Issue subscribed 29% till 12:30 PM on last day
Adani FPO could be India's largest-ever; board to approve proposal on Fri
What is a follow-on public offer?
iPhone 13 to Nothing phone (1): Check festival season sale offers on phones
AEL's strongest growth is ahead of us, says Gautam Adani on FPO
India bucked slowdown to emerge as global M&A hotspot in 2022: Report
Amazon India offers 50% referral fee waiver for e-commerce businesses
Reliance Industries stops local petcoke sales, boosts imports: Reports
Hindustan Zinc to pump in $1 bn to replace diesel-run mining vehicles
Why Apple's Tim Cook has not cut workforce amid mass layoffs
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)