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An overwhelming support from foreign institutional investors (FIIs) has made Power Finance Corporation’s IPO one of the most successful IPOs of recent times. This Rs 1000 crore issue has received applications of close to Rs 75000 crore. The subscription levels in each category are: Qualified Institutional Buyers (QIBs) – 137.17 times. Non Institutional Investors – [...]

Indian BPO firm Firstsource Solutions Ltd’s IPO has got an overwhelming response from investors in all segments. By the time the IPO closed on Friday February 2nd, it had been oversubscribed more than 50 times. The oversubscription details are as follows: Qualified Institutional Buyers (QIBs) segment – 72 times. Non Institutional Investors segment – 40 [...]