The SME IPOs of TAC Infosec and Radiowalla Network, backed by Vijay Kedia and Ashish Kacholia respectively, were subscribed over 10 times on the second day of the bidding process.
The initial public offer (IPO) of Jana Small Finance Bank was subscribed 88% on Wednesday, the first day of the bidding process. The NII portion of the issue was booked the most at 1.2 times, followed by retail investors at 1.19 times. There QIB category was subscribed just 14%.
