New Delhi, Nov. 3 -- The initial public offering (IPO) of Studds Accessories received a robust response from investors during its bidding period, with the issue being subscribed over 73 times by the end of Day 3. Strong demand came particularly from institutional investors.

The Studds Accessories IPO, which ran from October 30 to November 3, received bids for 32.92 crore shares against the 54.50 lakh shares on offer, resulting in a subscription rate of 73.35 times.

Qualified institutional buyers showed strong interest, with their portion subscribed 160 times as they placed bids for 24.19 crore shares compared with the allotted 15.57 lakh shares. The NII segment reflected similar enthusiasm, with its portion booked 78 times. The retail q...