InvestorQ : What has been the final subscription detail for Rossari Biotech IPO, which closed for subscription on 15 July?
Rashi Mehra made post

What has been the final subscription detail for Rossari Biotech IPO, which closed for subscription on 15 July?

Answer
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sarah Leo answered.
3 months ago


The Rossari IPO got a fantastic oversubscription, coming after a gap of nearly 4 months after the SBI Cards IPO. The Institutional or QIB portion got oversubscribed 85.26 times while the HNI portion got oversubscribed by 239.83 times. The retail portion also saw over subscription of 7.23 times.

Overall, the issue got oversubscribed by 79.37 times. The pricing was in the band of Rs.423 to Rs.425 and based on the response it looks like the IPO will be priced at the upper end of the band.