The initial public offering (IPO) of SKS Microfinance witnessed a subscription of 10.51 times on Friday. The IPO closed for subscription for the qualified institutional buyers (QIB) on Friday but is open till August 2 for retail and high net worth investors. The IPO is priced between Rs 850 and Rs 985 and the company is offering a discount of Rs 50 on the allotment price to the retail investors.
Meanwhile, the follow-on public offer of Engineers India Limited was also subscribed 13.26 times. The issue closed for subscription on Friday and saw its QIB portion subscribed 23.43 times, HNI segment 5.85 times and retail portion 2.71 times.