The subsequent share sale of Ruchi Soya Industries (FPO) saw bids withdrawn in all four classes, according to the latest data provided by the exchanges.
Qualified Institutional Buyer (Bank) category has now been subscribed 1.6 times, down from 2.2 times yesterday. High-income individuals (HNI) were subscribed 9 times, down from nearly 12 the day before.
The retail division saw more than half of bids cancelled. This category is now subscribed at 40 percent versus 90 percent the day before. Meanwhile, the employee division has also seen subscription levels drop from nearly 8 times on Monday to less than 5 times today.
The above numbers are from BSE as of 11:26 AM INDCT.
Business Standard has always strived to provide the latest information and commentary on developments that matter to you and that have broader political and economic implications for the country and the world. Your continued encouragement and feedback on how we can improve our offerings has made our determination and our commitment to these ideals even stronger. Even during these challenging times brought about by Covid-19, we continue our commitment to keeping you updated with trusted news, authoritative opinions and insightful commentary on relevant topical issues.
However, we have a request.
As we battle the economic impact of the pandemic, we need your support even more, so we can continue to bring you more quality content. Our subscription form has seen an encouraging response from many of you, who have subscribed to our content online. Further subscribing to our online content can only help us achieve our goals of providing better and more relevant content. We believe in free, fair and credible journalism. Your support with more subscriptions can help us practice the journalism we are committed to.
Support quality press and Subscribe to Business Standard.