As of December 20, 2023, at 11:57 AM (Day 1), the subscription status of the Azad Engineering IPO stands at 0.75 times. The details of subscription in different categories are as follows:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 0.00 times
– Shares Offered: 28,09,155
– Shares Bid For: 4,340
– **NII (Non-Institutional Investors):**
– Subscription: 1.01 times
– Shares Offered: 21,06,866
– Shares Bid For: 21,30,548
– bNII (bids above ₹10L): 0.69 times (14,04,577 shares bid for)
– sNII (bids below ₹10L): 1.65 times (7,02,289 shares bid for)
– **Retail:**
– Subscription: 1.05 times
– Shares Offered: 49,16,021
– Shares Bid For: 51,69,976
– **Total:**
– Subscription: 0.75 times
– Shares Offered: 98,32,042
– Shares Bid For: 73,50,812
The total number of applications received is 84,806.
This data provides insights into the level of interest and participation from different investor categories. The subscription status, especially in the retail category, indicates the demand for the Azad Engineering IPO. It’s noteworthy that the NII category has seen bids both above and below ₹10 lakh, showcasing the diverse investor interest within this segment.
The overall subscription status of 0.75 times suggests a moderate level of demand relative to the total shares offered. Investors and market observers will closely monitor the subscription trends as the IPO progresses through its subscription period.
