RITES IPO sees 23% subscription in few hours of opening; is it worth subscribing?

The issue, which opened at 10 am today, has received bids of  57,39,600 equity shares which would be 23% of the total IPO up till 1338 hours, as per data given on NSE. 

RITES IPO sees 23% subscription in few hours
Representational Image: Photo: Pixabay

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