Cox and Kings (India) IPO was subscribed 6.31 times on the final day of offer on Friday.
The issue received bids for 9.9 crore shares against the 1.8 crore shares on offer. The price band for the issue was fixed at Rs 316 to 330. The company aims to raise up to 610 crore through the IPO.
The portion reserved for the qualified institutional buyers was subscribed 9.9 times and the non-institutional portion was subscribed 10.6 times.
The retail portion was subscribed 0.9 times only. It seems that the retail investors missed a great opportunity.
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