© news18.comScoda Tubes IPO Closes Today: Check Subscription Status, GMP Today
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Scoda Tubes IPO Day 3: The initial public offering of Scoda Tubes Ltd is going to be closed today, Friday, May 30. It has received a strong response from investors. Till 10:09 am on the final day of bidding on Friday, the Rs 220-crore IPO received a 10.26 times subscription, garnering bids for 11,28,23,100 shares as against 1,10,00,086 shares on offer.
The retail and NII participation stood at 7.73 times and 27.03 times, respectively. Its qualified institutional buyer (QIB) category got a 2.10 times subscription, according to data from exchanges.
The three-day IPO was opened on Wednesday, May 28. It received a 2.24 times subscription on the first day of bidding and a 8.77 times subscription on Day 2.