Mumbai: The Initial Public Offering (IPO) of Asset Reconstruction Company (India) Limited (ARCIL) witnessed steady investor participation on the second day of bidding. The issue was 87% subscribed overall, with the Non-Institutional Investors (NII) and Retail Individual Investors (RII) portions fully subscribed.
As of Day 2, the Qualified Institutional Buyers (QIB) portion was subscribed 0.10 times, while the NII portion was subscribed 1.03 times. The Retail portion received subscription of 1.24 times.
Overall, the ARCIL IPO stood at 0.87 times subscribed at the end of Day 2.
ARCIL IPO Day 2 Subscription Details
| Investor Category | Subscription |
| QIB | 0.10x |
| NII | 1.03x |
| Retail | 1.24x |
| Total | 0.87x |
The subscription figures indicate stronger participation from retail investors and non-institutional investors, with both categories crossing the 1x subscription mark by the second day of the IPO.
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