In Tata Capital’s IPO, the qualified institutional buyers (QIBs) portion of the non-banking financial company’s IPO was subscribed 3.42 times, while the non-institutional investors (NIIs) or high-net-worth individuals’ portion and the retail investors’ portion were subscribed 1.98 times and 1.1 times, respectively. The employee reserved portion saw a subscription of 2.92 times.
Warning Signal? FIIs cut stake in 11 smallcap stocks in the last 3 quarters; prices crash up to 70%
Reliance Power’s shares declined as the Enforcement Directorate filed a chargesheet in a fake bank guarantee case, weighing on investor sentiment and drawing renewed attention