Retail investors displayed the highest enthusiasm for the offering, with their portion being subscribed 4.5 times over. Qualified institutional buyers followed closely behind, subscribing 3.5 times the allocated shares. Non-institutional investors also showed considerable interest, subscribing 1.5 times their reserved portion of 30.66 lakh shares.
Tech View: Nifty forms Doji candle but crosses 200-DMA? What traders should do on Monday
Nifty crossed the 200-Day Simple Moving Average (23,860) but couldn’t sustain, forming a Doji candle on the daily chart. The weekly chart shows an inside