On the last day of bidding for the Effwa Infra and Research IPO, the issue was subscribed 313.65 times. Qualified Institutional Buyers (QIBs) subscribed 166.56 times, Non-Institutional Buyers (NIIs) subscribed 477.27 times, and Retail investors subscribed 323.81 times, according to chittorgarh.com.

The SME IPO which aims to raise Rs 51.27 crore, closed for subscription on July 9. The issue included a fresh issue of 53.17 lakh shares worth Rs 43.60 crore and an offer for sale of 9.36 lakh shares worth Rs 7.68 crore. The IPO price band was set between Rs 78-82 per share, with a minimum application lot size of 1,600 shares, requiring a minimum investment of Rs 131,200 for retail investors.

The allotment for Effwa Infra and Research IPO will be finalised on Wednesday, July 10.