The IPO of Vijaya Diagnostic Centre, one of the largest integrated diagnostic chain in South India, has so far received muted response from investors as it was subscribed 35 percent on September 2, the second day of bidding.
The public issue has received bids for 88.53 lakh equity shares against offer size of 2.50 crore equity shares, the subscription data available on the exchanges showed.
Retail investors have put in bids for 57 percent of their reserved portion and that of employees 26 percent of their portion. A part set aside for qualified institutional buyers was subscribed 23 percent and that of non-institutional investors 2 percent.
News Source:- MoneyControl