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CL Educate IPO subscribed 37% on Day 1

CL Educate IPO subscribed 37% on Day 1

Monday, March 20, 2017, 9:32 PM

The initial public offering of CL Educate was subscribed 37% on the first day of the offer today. The IPO received bids for 12,18,348 shares against the total issue size of 33,32,000 shares, data available with the NSE showed. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 1.04 times, while that of retail investors category 14%.
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