The Rs 2,200 crore-IPO of Equitas Holdings, the biggest initial public offering so far this year, elicited robust investor response, with the issue getting oversubscribed 17.21 times on the last day of the offer. The initial public offer received more than 5.8 lakh applications. Reflecting good response, the IPO generated demand worth over Rs 26,000 crore from only domestic investors as it received total bids for 2,39,57,56,440 shares against the issue size of 13,91,91,802 shares, data available with NSE till 2030 hours showed. The portion set aside for qualified institutional buyers (QIBs) was oversubscribed 14.93 times and that of non-institutional investors received 57 times subscription, sources said.
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