India, July 25 -- Update | July 25, 7 PM

The IPO of workspace solutions provider IndiQube closed with an oversubscription of 12.4X, with investors bidding for 21.2 Cr shares as against 1.71 Cr shares on offer.

The qualified institutional buyers' (QIBs) quota made a last-minute dash for the IPO, getting oversubscribed highest at 14.3X. The portion received bids for 13.3 Cr shares against the 93.1 Lakh shares on offer.

In this, the highest interest was shown by foreign institutional investors (FIIs), who placed bids for 6.7 Cr shares. Response from domestic financial institutions and mutual funds was comparatively less, as each of them bid for 2.3 Cr shares, respectively.

Closely behind QIBs were retail individual investors. The portion...