The funds will be locked under ASBA or an application supported by a blocked amount. The mechanism authorises banks to temporarily block money until the shares are allotted. The funds are debited in proportion to the allotment of final shares, and the rest is released.
On the final day of subscription on Friday, Tata Technologies Ltd. received over Rs 1.56 lakh crore, the most among the four issues. Gandhar Oil Refinery Ltd. received about Rs 23,000 crore, while Flair Writing Industries Ltd. took in Rs 20,000 crore of investor wealth.
Investors bid Rs 1,720 crore in the Fedbank Financial Services Ltd. IPO.
Records Tumble As Tata Technologies IPO Is Subscribed 70 TimesSubscription StatusTata Technologies
The IPO was subscribed 69.43 times, as of 5:12 p.m. on Friday.
- Institutional investors: 203.41 times.
- Non-institutional investors: 62.11 times.
- Retail investors: 16.50 times.
- Employee reserved: 3.70 times.
- Reservation portion shareholder: 29.19 times.
Gandhar Oil Refinery
The IPO was subscribed 64.06 times, as of 5 p.m. on Friday.
- Institutional investors: 129 times.
- Non-institutional investors: 62.23 times.
- Retail investors: 28.94 times.
Flair Writing Industries
The IPO was subscribed 46.55 times, as of 4:15 p.m. on Friday.
- Institutional investors: 115.60 times.
- Non-institutional investors: 33.34 times.
- Retail investors: 12.76 times.
Fedbank Financial Services
The IPO was subscribed 2.20 times, as of 5:27 p.m. on Friday.
- Institutional investors: 3.51 times.
- Non-institutional investors: 1.45 times.
- Retail investors: 1.82 times.
- Employee reserved: 1.34 times.
