Robeco bids for Jet IPO

Robeco, one of Europe's largest fund houses with assets under management of Euro 110 billion, has bid for the initial public offering of Jet Airways.

Other big-ticket investors include Jardine Flemming, Fidelity, Templeton, IDFC, HSBC Global and SBI Mutual Fund.

The IPO was subscribed 10.07 times with bids for 173.94 million shares till Wednesday, the penultimate day of the open offer, according to data available from the stock exchanges.

Jet IPO oversubscribed

Sources close to the issue said the retail portion was fully subscribed. Retail investors bid for 1,35,000 shares.

"Going by the trend that retail participation always comes at the last day of the offer, it is expected that the offer will attract more retail applications on February 24," sources said.

The institutional portion was subscribed 17 times, sources said adding that over 97 per cent of the bids was made at Rs 1,125, the upper end of the price band.