India, July 14 -- Coworking company Smartworks' public issue witnessed bumper response from qualified institutional buyers (QIBs) and non-institutional investors (NIIs) on the final day of bidding, with an overall oversubscription of 13X at 03:45 PM.

As per the data on the BSE, the issue received cumulative bids for 13.09 Cr shares as against 1.04 Cr shares on offer.

The portion reserved for QIBs was oversubscribed 24.4X, with them placing bids for 7.08 Cr shares against 29 Lakh shares on offer. Of these, foreign institutional investors bid for 1.35 Cr shares and domestic institutional investors for 1.51 Cr shares.

Close behind QIBs were NIIs, with an oversubscription of 22.24X. These investors bid for 4.9 Cr shares against 22.17 Lakh ...