Falguni Nayar-promoted and private equity firm TPG-backed FSN E-Commerce Ventures’ maiden public offer was oversubscribed by 4.82 times on October 29, the second day of bidding. The offer closes on Monday.
Investors have put in bids for 12.77 crore equity shares against an offer size of 2.64 crore equity shares, the subscription data showed.
Retail investors subscribed for 6.32 times the portion reserved for them and employees have put in bids 1.18 times the portion set aside for them.
Qualified institutional investors have bought shares 4.72 times their reserved portion, and a part earmarked for non-institutional investors was subscribed 4.17 times.