As of January 12, 2024, at 7:29 PM (Day 2), the Australian Premium Solar (India) IPO has witnessed robust investor participation, registering a remarkable subscription of 70.63 times. The retail category has seen an exceptional response with a subscription of 114.20 times, while the Qualified Institutional Buyers (QIB) category is subscribed 5.62 times, and the Non-Institutional Investors (NII) category is subscribed 55.59 times.
Here is a detailed breakdown of the subscription details for each category:
– QIB Category: The subscription stands at 5.62 times, with 55,54,000 shares bid for out of the total 9,88,000 shares offered.
– NII Category: This category has shown strong interest with a subscription of 55.59 times, receiving bids for 4,12,48,000 shares out of the total 7,42,000 shares offered.
– Retail Category: Retail investors have displayed exceptional enthusiasm, subscribing 114.20 times. The total shares bid for in this category are 19,75,66,000 out of the 17,30,000 shares offered.
In total, the IPO has received bids for 24,43,68,000 shares against the total offering of 34,60,000 shares. The number of total applications received is 98,783.
This level of oversubscription across categories signifies robust demand for the Australian Premium Solar (India) IPO, indicating strong market confidence and investor interest in the company’s prospects.
The substantial oversubscription in the retail category reflects a widespread interest among individual investors. The total application count of 98,783 underscores the broad investor participation in the IPO subscription process.
