The public issue of Vedant Fashions saw tepid response from investors with 2.57 times being subscribed on the final day of bidding on Tuesday. It garnered bids for 6.53 crore equity shares against an offer size of 2.54 crore equity shares.
Qualified institutional investors have put in bids 7.49 times the reserved portion. Their allotted quota has to get subscribed at least 90 percent to sail through the issue.
A part set aside for retail investors and non-institutional investors were subscribed 39 percent and 1.07 times, respectively.
The Rs 3,149-crore public issue was subscribed 21 percent till February 7, the second day of bidding.