IRFC, 2 other IPOs oversubscribed

Investors have reacted positively to all the three public offerings (IPOs) closing for subscription on December 10. The IPOs of Alkem Labs, Dr Lal PathLabs and the debt issue from Indian Railway Finance Corporation — saw strong investor interest. Of this, the ₹1,000-crore tax-free secured redeemable non-convertible bond issuance from IRFC was subscribed 10.84 times at 5 p.m. While the IPO of Dr Lal PathLabs was subscribed 33.21 times at 6 p.m, that of Alkem Labs was subscribed 44.18 times.