As of January 11, 2024, at 2:03 PM (Day 1), the Australian Premium Solar (India) IPO has garnered significant interest from investors, being oversubscribed by 13.62 times. The subscription details across different categories are as follows:
1. **QIB (Qualified Institutional Buyers):**
– Subscription: 0.03 times
– Shares Offered: 9,88,000
– Shares Bid For: 28,000
2. **NII (Non-Institutional Investors):**
– Subscription: 7.54 times
– Shares Offered: 7,42,000
– Shares Bid For: 55,94,000
3. **Retail:**
– Subscription: 23.99 times
– Shares Offered: 17,30,000
– Shares Bid For: 4,15,10,000
4. **Total:**
– Subscription: 13.62 times
– Shares Offered: 34,60,000
– Shares Bid For: 4,71,32,000
These figures indicate a robust demand from retail investors, with the retail category being oversubscribed by 23.99 times. Non-Institutional Investors have also shown significant interest, subscribing 7.54 times their allotted shares. However, the QIB category has a lower subscription rate, standing at 0.03 times.
In simpler terms, the total number of shares bid for is significantly higher than the total number of shares offered for subscription across all investor categories. This high level of subscription suggests strong investor confidence and interest in the Australian Premium Solar (India) IPO. It will be interesting to observe how the subscription trend progresses in the coming days of the IPO offering period.
