Vijaya Diagnostic Centre Ltd.'s initial share sale continued to witness muted demand on its second day.
The IPO was subscribed 0.47 times on Thursday. Portions reserved for institutional, non-institutional and retail investors and employees remained under-subscribed.
The integrated diagnostic services provider is seeking a market value of Rs 5,414.4 crore at the upper end of the price band of Rs 522-531 apiece.
The IPO is an offer-for-sale of up to 35.7 lakh equity shares, or up to 35% of its total shareholding. The company won't receive any proceeds.
Subscription Details: Day 2
The IPO was subscribed 0.47 times as of 5:00 p.m. on Sept. 2
Institutional investors: 0.32 times.
Non-institutional investors: 0.05 times.
Retail investors: 0.74 times.
Employees: 0.52 times.
Research Reports On Vijaya Diagnostic Centre IPO:
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