Jyoti CNC IPO subscribed 2.51x

New Delhi: The Initial Public Offer (IPO) of Jyoti CNC Automation was fully subscribed within hours of opening for bidding on Tuesday, largely helped by heavy participation from retail investors, and later ended the day with 2.51 times subscription.

The IPO received bids for 4,40,01,675 shares against 1,75,39,681 shares on offer, as per NSE data.