NSE IPO subscribed 1.16 times on Day 2 led by non-institutional investors, QIBs

The Rs 22,569-crore IPO has become India’s second-largest public issue, behind Hyundai Motor India’s Rs 27,870-crore offering in 2024. It has also moved past LIC’s Rs 21,000-crore IPO of 2022, but remains smaller than Hyundai Motor India’s record issue.