Nuvoco Vistas IPO subscribed 19% on second day of bidding:

Nuvoco Vistas

The public issue of the country’s fifth largest cement maker Nuvoco Vistas Corporation is subscribed 19 percent as it received bids for 1.17 crore equity shares against offer size of 6.25 crore equity shares on August 10, the second day of bidding.

The portion set aside for retail investors is subscribed 36 percent and that of non-institutional investors is only 2 percent subscribed.

Qualified institutional investors have put in bids for 364 equity shares against their reserved portion of 1.78 crore equity shares.

News Source:- Moneycontrol

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