India: Quess Corp IPO subscribed 0.41 times on Day 1

visual from Livemint.

The initial public offering (IPO) of Quess Corp. Ltd, excluding the anchor allotment, was subscribed 41% on day one of the three-day offering. The issue closes on Friday.

As of 5.30pm on Wednesday, the IPO received applications for 2.88 million shares led by institutional category investors. The company has offered to sell 7.09 million shares on offer.

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