The initial public offering (IPO) of Xtranet Technologies continued to see strong investor interest on its second day of public bidding, with the Rs 167 crore issue being subscribed around 1.4 times its offer size on Friday so far.
Xtranet Technologies’ IPO has received bids for 1.28 crore shares, against the offer size of nearly 92 lakh shares, according to data on NSE at around 11 am. Retail investors have shown the most interest so far, booking their reserved portion 1.76 times. Qualified Institutional Buyers (QIBs) have booked 91% of the portion kept for them, while that kept for NII has been subscribed 1.22 times.