The qualified institutional buyer (QIB) portion was subscribed 44.73 times, the non-institutional investors’ portion was subscribed 48.34 times, while the retail investor portion was subscribed 9.29 times. The offer also included a reservation for a subscription by eligible employees which was subscribed two times.
Sebi clears PRIM route for PMS players to invest in mutual funds, SIFs; Rs 25 lakh minimum ticket
Sebi’s board approved PRIM, allowing portfolio managers to invest client money in direct mutual fund plans, ETFs, index funds and SIFs. The new route carries