The initial public offering (IPO) of Travel Food Services subscribed 5%.
The issue received bids for 6.25 lakh shares against 1.34 crore shares on offer. The retail investor portion was subscribed 8%, followed by 3% subscription in the non-institutional investor (NII) category.
Qualified Institutional Buyers (QIBs) are yet to participate. The employee reserved quota saw a 25% subscription.
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