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Indostar's 7-bn IPO subscribed 1.42 times till afternoon trade on Day 3

The issue received bids for 3,19,59,590 shares against the total issue size of 2,25,75,438 shares, data available with the NSE till 1330 hrs showed

Representative Image (Photo: Shutterstock)
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Representative Image (Photo: Shutterstock)

Press Trust of India New Delhi
The initial public offering of Indostar Capital Finance was subscribed 1.42 times till afternoon trade on the third day of bidding today.
 
The issue received bids for 3,19,59,590 shares against the total issue size of 2,25,75,438 shares, data available with the NSE till 1330 hrs showed.
 
The IPO is of fresh issue of up to Rs 7 billion and an offer for sale of up to 20 million equity shares (including anchor portion of 9,671,328 equity shares).
 
The issue, which

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