India: Quess Corp IPO subscribed 3.39 times on Day 2

Artist's imagery of the Quess Corp HQ (Photo: Quess website)

The initial public offering (IPO) of Quess Corp. Ltd, excluding the anchor allotment, was subscribed 339%, or 3.39 times, on Thursday—the second day of the three-day offering. The issue closes on Friday.

As of 5.30pm on Thursday, the IPO received applications for 24.09 million shares, led by institutional category investors. The company has offered to sell 7.09 million shares.

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