India, Sept. 10 -- Updated | September 10, 17:45 IST

The public issue of Urban Company was oversubscribed 3.1X on the first day of bidding, receiving bids for 33.3 Cr shares against 10.6 Cr shares on offer.

Retail investors showed the highest interest in the IPO, with the portion reserved for them getting oversubscribed 7X. They placed bids for 13.5 Cr shares while the company had reserved 1.9 Cr shares for them.

Employees' portion was oversubscribed 5.7X, with them placing bids for 16.2 Lakh shares against 2.8 Lakh shares on offer.

The QIB and NII portions were also oversubscribed at 1.3X and 4.2X, respectively. While QIBs applied for 7.5 Cr shares against 5.8 Cr shares reserved for them, NIIs placed bids for 12 Cr shares against 2.9...