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Robust listings whet retail appetite in IPOs

In 2016, six of the twelve issues that hit the market have seen retail investors bidding for more than three times the shares on offer

Ashley Coutinho  |  Mumbai 

Retail participation (meaning, by individuals) in Initial Public Offers (IPOs) of equity has risen this year, with a number of issues seeing good demand from this category. In 2016, six of the 12 issues that hit the market have seen retail investors bidding for more than three times the shares on offer.

In calendar year 2015, only five of the 21 issues had seen a subscription of over three times, shows data from Prime Database. The recently concluded Quess Corp issue got subscribed 31 times in the retail segment. Other offerings that saw robust demand include Mahanagar Gas (6.6 times), ...

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First Published: Wed, July 06 2016. 22:50 IST
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