The initial public offering of Vidya Wires continued to see strong investor interest during its second day of public bidding, being subscribed nearly 5 times its offer size on Day 2 so far.

The maiden public issue of the wire-maker has received bids for nearly 19.74 crore shares, as against an offer size of 4.33 crore shares, according to data on NSE at 11.25 am. Retail investors have shown the most interest in the IPO, subscribing their reserved portion nearly 7 times (662 percent) so far.

Non Institutional Investors (NII) closely followed, booking their allotted quota more than 5 times (512 percent). Qualified Institutional Buyers (QIB) have subscribed 48 percent of their reserved portion.

Vidya Wires GMP:

Ahead of listing, the unlisted shares of the company were trading with 11.54

See Full Page