Tarsons Products IPO subscribed 1.49 times on Day 2 of bidding


The initial public offering of Tarsons Products continues to see good demand from investors, with the issue getting subscribed 1.49 times by the morning of November 16, the second day of bidding. The offer has garnered bids for 1.61 crore equity shares against the IPO size of 1.08 crore units.

The portion set aside for retail investors has been subscribed 2.89 times and that of non-institutional investors has seen 23 percent subscription.

Employees have bought 64 percent of the shares reserved for them, while qualified institutional buyers have not started bidding for the offer.

News Source:- Moneycontrol

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