Reliance Petroleum Ltd IPO oversubscribed 10.28 times

The Initial Public Offering of Reliance Petroleum Ltd has received tremendous response from investors with the issue getting oversubscribed by 10.28 times still 3 more days available for subscription. As of today, the Qualified Institutional Buyers (QIBs) portion of the issue received subscription for 16.7234 times, Non Institutional Investors portion 8.6857 times and the Retail Individual Investors (RIIs) portion of the issue received subscription for 1.2677 times. The issue received an overall subscription of 11.28 times.

Source : Equity Bulls

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