Reliance Petroleum Ltd IPO subscribed 12.33 times,2 days to go

The Initial Public Offering of Reliance Petroleum Ltd has received tremendous response from investors with the issue getting subscribed by 12.33 times, with 2 more days available for subscription. As of today, the Qualified Institutional Buyers (QIBs) portion of the issue received subscription for 17.9853 times, Non Institutional Investors portion 8.7959 times and the Retail Individual Investors (RIIs) portion of the issue received subscription for 2.2118 times. The issue received an oversubscription of 11.33 times.

Source : Equity Bulls

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