All four IPOs oversubscribed a day before close on robust retail interest

Superb listing gains made by companies listed recently have prompted investors to enthusiastically participate in all IPOs

Investors lapped up four whose issues are underway on Thursday. Bulk of the subscription in all the four issues have come from retail investors.

Devyani International’s IPO was subscribed over 6.6 times. The institutional investors subscribed 1.3 times; the wealthy investor portion was subscribed 6.37, the retail investor portion by 22.9 times and the portion reserved for employees by 3.10 times.

Exxaro Tiles was subscribed 10.3 times. The institutional investor portion by 1.65 times, the wealthy investor portion by 0.9 times, the retail investor portion by 21.1 and the employee portion by 1.56 times.

Krsnaa Diagnostics was subscribed 5.4 times