MapMyIndia IPO subscribed 6.16 times on Second Day

MapMyIndia opened its IPO on December 09 and was fully subscribed on its first day of initial Public Offering. The second day of the IPO also received a positive response. The IPO was subscribed 6.16 times even after having a strong retail investor interest in the issue.

The part set for non-institutional investors was subscribed 6.27 times and the portion of qualified institutional buyers was subscribed 4.32 times. On its first day of issue, the IPO was subscribed 2.02 times. 

Today is the third day of the IPO and the issue will take place till December 13 and the shares will be listed on the exchange on December 21.