The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Usha Financial Services IPO sees strong demand with 3.13 times subscription
Usha Financial Services' IPO was subscribed 3.13 times on the second day of bidding, with investors applying for 1.31 crore equity shares against an issue size of 41.99 lakh shares. The non-banking finance company aims to raise Rs 98.45 crore at a price band of Rs 160-168 per share, closing on October 28. Retail investors showed strong interest, subscribing 4.61 times their quota, while non-institutional and qualified institutional buyers subscribed 3.63 and 1.07 times, respectively.