The IPO of Brace Port Logistics, which began accepting bids on August 19, was oversubscribed by 217 times as of Wednesday's final bidding day, driven by robust interest from retail and non-institutional investors.
By 12:30 pm, the retail investor category had shown strong demand, with 2.47 lakh applicants bidding for 32.53 crore shares. Non-institutional investors bid for 14.49 crore shares, while qualified institutional buyers submitted bids for 62.29 crore shares.
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