India, July 14 -- Update | July 14, 08:42 PM

The IPO of Smartworks closed with an oversubscription of 13.45X, with investors bidding for 13.9 Cr shares as against 1.04 Cr shares on offer.

The portion for QIBs was subscribed the most at 24.4X, getting bids for 7 Cr shares against the 29.03 Lakh shares on offer. In this, FIIs placed bids for 1.3 Cr shares and domestic financial institutions bid for 1.5 Cr shares.

NIIs placed bids for 5 Cr shares as against 22.1 Lakh shares reserved for them, translating to 22.7X subscription.

The retail investor portion saw 3.5X subscription, receiving bids for 1.8 Cr shares against 51.73 Lakh shares on offer. Employees bid for 2.5 Lakh shares as against 1 Lakh shares on offer, translating to 2.3X subsc...