Reliance Petroleum IPO receives subscription of 21.14 times

The Initial Public Offering of Reliance Petroleum has received subscription of 21.14 times with tomorrow being the last date for subscription. The Initial Public Offering of the company has received tremendous response from across all segments of investors with the issue getting oversubscribed by 20.14 times, with 1 more day available for subscription. As of today, the Qualified Institutional Buyers (QIBs) portion of the issue received subscription for 30.1256 times, Non Institutional Investors portion 11.1957 times and the Retail Individual Investors (RIIs) portion of the issue received subscription for 6.4705 times. The Retail investors portion has received more than 4 time subscription today alone.

Source : Equity Bulls

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