New Delhi, Dec. 5 -- The IPO of Vidya Wires has witnessed a sharp rise in investor interest, especially from institutional participants, during the final day of bidding, which pushed the subscription rate nearly 30 times.

The issue, which opened on Wednesday, December 03, closed today, and during the three-day bidding period, it attracted bids for 115 crore shares against over 4.03 crore shares on offer, resulting in a subscription rate of 28.53 times, as per exchange data.

Among the investor categories, the non-institutional investor (NII) segment saw a strong spike in demand, with the quota being subscribed 56 times, while the qualified institutional buyer (QIB) portion was subscribed 5.45 times, and the retail investor portion was su...