Meanwhile, Idea Cellular’s initial public offering (IPO) was over subscribed 57 times, receiving 18.7 billion bids for its offer of 327 million equity shares.

Meanwhile, Idea Cellular’s initial public offering (IPO) was oversubscribed 57 times, receiving 18.7 billion bids for its offer of 327 million equity shares. While the qualified institutional buyers’ portion was oversubscribed 90.8 times, receiving 17.33 billion bids for the 0.19 billion shares offered, non-institutional investors oversubscribed their portion by over 26 times, with more than 0.83 billion bids offered for the 0.03 billion shares reserved for them.