Vishal Mega Mart's $943m India IPO fully subscribed on Day 2

Vishal Mega Mart's $943m India IPO fully subscribed on Day 2

The building of the Bombay Stock Exchange in Mumbai. Credit: Wikimedia Commons

Indian budget retailer Vishal Mega Mart’s $943 million IPO was fully subscribed on the second day of bids on Thursday, though a flood of recent offerings dulled retail investors’ appetite for a company analysts say is immune to its bigger rivals’ problems.

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