QIBs give thumbs up to DB Corp IPO

The Initial Public Offering (IPO) of DB Corp Limited has received overwhelming response from Qualified Institutional Buyers (QIBs) portion subscription of 68.5217 times with bids for 523060590 equtiy shares against the offer of 7633500 equity shares.

Out of the Qualified Institutional Buyers (QIBs) portion, Foreign Institutional Investors (FIIs) have submitted bids for 306737340 equity shares.

The Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) have bid for 82487490 equity shares and Mutual Funds subscribed for 133835760 equity shares.

The issue also evoked response from Non Institutional Investors with subscription of 26.1732 times with bids for 47569830 shares against the offer of 1817500 shares.

Out of Non Institutional Investors portion, Corporates subscribed for 24494040 equity shares, Individuals (Other than RIIs) subscribed for 18368460 equity shares and other bid for 4707330 equity shares.

Source : Equity Bulls

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