The initial public offering (IPO) of state-owned general insurance firm The New India Assurance Co. Ltd was subscribed 1.19 times so far on the last day of the share sale on Thursday.
As of 5pm, the IPO received bids for 143,062,722 shares against the total issue size of 120 million shares, according to NSE data.
On the second day on Thursday, the IPO was subscribed 1.07 times. The portion of shares reserved for institutional investors saw a subscription of 2.16 times, while that reserved for retail investors and high non-institutional investors were subscribed 5% and 4%, respectively, data from stock exchanges showed.
