Talwalkars IPO receives awesome response, finally overbid 28.39 times

Talwalkars Better Value Fitness Limited, which closed for subscription today, has received an amazing response with the IPO getting overbid by 28.39 times on an overall basis. The IPO has received a wonderful response from all three categories with HNI Category getting oversubscribed more than 50 times. The IPO has also managed to garner a keen response from Retail Investors with the Retail Category getting overbid more than 8 times. (Click here to check out Talwalkars Better Value Fitness IPO Final Subscription Status)

Talwalkars Better Value Fitness IPO has been garnering an amazing response on the closing day with the IPO getting overbid 28.39 times till 1730 hrs IST on the closing day as per data available on the NSE website. The IPO was subscribed only 90% or 0.90 times on an overall basis till Day 2 of its opening with the retail portion getting bid 0.40 times till Day 2. (Click here for subscription status on Day 2)

Talwalkars Better Value Fitness Limited owns one of the largest fitness chain in India offering a diverse suite of services including gyms, spas, aerobics and health counseling. Talwalkars Better Value Fitness Limited has been assigned an IPO Grade 3 by Credit Rating Agency CARE (Click here for more on Talwalkars Better Value Fitness Limited IPO Rating)