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CL Educate IPO oversubscribed 1.90 times last day

CL Educate IPO oversubscribed 1.90 times last day

Wednesday, March 22, 2017, 9:03 PM

CL Educate's initial public offering sailed through on the last day of the offer today and was oversubscribed 1.90 times. The IPO received bids for 63,26,176 shares against the total issue size of 33,32,000, as per NSE data. The qualified institutional buyer (QIB) portion was oversubscribed 3.65 times, non-institutional investors 21% and retail investors 1.60 times, sources said.
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