BENGALURU: Urban Company’s IPO was subscribed 103.6 times, making it India’s most subscribed offer this year. The offer drew bids for 1,106.5 crore shares against the 10.6 crore shares on offer. The biggest push came from institutions.The qualified institutional buyers (QIB) portion was subscribed 140.2 times, led by both foreign and domestic funds. Foreign institutional investors applied for 264.9 crore shares, while domestic financial institutions and insurers bid for 319.7 crore shares. Mutual funds accounted for 56.7 crore shares. The non-institutional investor (NII) segment followed with 74 times subscription. The employee portion closed at 36.8 times. TNN
