On the second day of bidding, December 14, investors showed only a moderate interest in Landmark Cars' public issue as a premium auto retailer.
investors have purchased 28.50 lakh shares, representing 35% of the issue size of 80.41 lakh shares.
The employee quota for the IPO was 1 crore rupees, and they purchased 1.94 times that amount.
They will be able to purchase shares at a savings of Rs 48 off the final offer price.
Only 32% of the reserved portion has been bid on by retail investors.
Seventy-six percent of the allocation for ultra-high-net-worth individuals and nine percent of the allocation for qualified institutional buyers have been subscribed.
The public issue that Landmark Cars plans to launch will consist of a fresh issuance of shares worth Rs 150 crore