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IPO frenzy cools down in November as subscription levels take a hit

Srushti Vaidya   •

Data from Prime Database shows that the average subscription level for mainboard IPOs in November fell to 1.9 times, a sharp decline from 16 times in October and 76 times in September.

In November, while seven companies went public, the larger ones were Swiggy with an issue size of Rs 11,327 crore and NTPC Green Energy’s IPO totaling Rs 10,000 crore.

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