New Delhi, July 4 -- The initial public offering (IPO) of Crizac Limited, which closed for subscription today, July 4, saw a stellar response, amid high demand from qualified institutional buyers and positive views from top brokerages. The strong grey market premium (GMP) also drove investor interest in the Crizac IPO.

At the end of the three-day bidding process, Crizac IPO garnered 1,54,56,79,366 bids against 2,58,36,909 shares on offer, resulting in an oversubscription of 59.82 times.

The retail portion was booked 10.24 times while the non-institutional investor (NII) quota was subscribed 76.15 times. The qualified institutional buyers (QIB) segment received 134.35 times bids.

Crizac IPO GMP was at Rs.42 today, the highest over the l...