Indosolar Limited which had tapped the capital markets with its IPO which opened on Monday the 13th September and closed on Wednesday the 15th September was fully subscribed. The price band was Rs 29 to Rs 32 and the issue size was Rs 357 crs.
Details of the subscription are as follows: –
| Category | Shares Offered | Shares Subscribed | Times |
| QIB | 61551724 | 88337000 | 1.44 |
| NII | 18465517 | 24069600 | 1.30 |
| Retail | 43086207 | 77901499 | 1.81 |
| Overall | 190308000 | 28310400 | 1.55 |
The maximum over subscription is in the retail category which makes this a very unique case. The grey market was very active in this particular scrip and probably that could be a reason for the subscription level.
