Nuvoco Vistas' ₹5,000-crore IPO subscribed 1.71 times on final day

The ₹5,000-crore initial public offering (IPO) of Nuvoco Vistas was subscribed 1.71 times on the final day of bidding. The offer received bids for 10.7 crore equity shares against an IPO size of 6.25 crore equity shares. The reserved portion of qualified institutional buyers was subscribed 4.23 times and that of non-institutional investors saw 66% subscription.