New Delhi, Dec. 24 -- The initial public offering of Gujarat Kidney received a healthy response from investors during its three-day bidding period. The issue, which opened on Monday, December 22, closed today, attracting bids for 6.89 crore shares against 1.32 crore shares on offer, resulting in a subscription rate of 5.21 times, according to exchange data.

Among investor segments, retail individual investors showed the strongest interest, with their quota subscribed 19 times, followed by non-institutional investors, whose portion was subscribed 5.73 times. The QIB segment was also fully subscribed at 1.06 times, as per exchange data.

The Gujarat Kidney is a book-built issue worth Rs.250.80 crore, which is entirely a fresh issue of 2.20...