The IBP public offer, which saw the slowest bidding initially, closed on Monday with a 250-300 per cent subscription.
Though the final data are still being compiled, according to the latest information available, the issue has been overwhelmingly successful, collecting bids for 2.5-3 times the issue size. However, data are not available on the number of bids received from the different categories of investors.
According to data posted on the Bombay Stock Exchange website, the IBP offer received bids for 9.05 million shares, against an offer of 5.76 million shares, with the highest bid at Rs 804 per share.
But the National Stock Exchange website quoted the number of shares bid at 12 million, with the highest bid at Rs 950 per share.
The IBP offer received lukewarm response in the first few days. It opened on February 23, but received bids for only 62,610 shares by the second day.
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