The portion reserved for the retail investors as well as the NIIs received a solid response and was booked nearly 21.7 times and 30.31times, respectively. The quota reserved for qualified institutional buyers (QIBs) was booked by just 24%.
FPIs heavily bearish, but that may well be a bullish signal
This was closer to 2024’s lows of 12.7% on June 4, which was seen at the start of June 2024 during the once-in-five-year mega event