Alkem Lab IPO oversubscribed 1.41 times on second day

The IPO received bids for 1,27,74,230 shares against the total issue size of 90,87,084 shares, according to NSE data.

The initial public offering of Alkem Laboratories was oversubscribed 1.41 times on the second day of the offer today. 

The IPO received bids for 1,27,74,230 shares against the total issue size of 90,87,084 shares, according to NSE data.

The portion for qualified institutional buyers (QIBs) was oversubscribed 2.33 times. 

Retail investors category was oversubscribed 1.28 times, while non-institutional investors saw 64% subscription, data showed.