As of December 14, 2023, 12:01:00 PM (Day 1), the Benchmark Computer Solutions IPO has achieved a subscription rate of 1.54 times. This indicates that the total number of shares bid for is 1.54 times higher than the shares offered.
Breaking down the subscription across categories:
– Retail investors have shown strong interest, with a subscription rate of 2.80 times. This suggests that for every share offered in the retail category, there have been 2.80 bids.
– In the Qualified Institutional Buyers (QIB) category, the subscription rate is not specified.
– Non-Institutional Investors (NII) have subscribed at a rate of 0.28 times, indicating relatively lower interest from this category.
The detailed subscription figures are as follows:
– NII Category: 0.28 times subscription with 2,44,000 shares bid for out of 8,80,000 shares offered.
– Retail Category: 2.80 times subscription with 24,58,000 shares bid for out of 8,78,000 shares offered.
The total number of shares offered is 17,58,000, and the total number of shares bid for is 27,02,000. The total number of applications received for the IPO is 1,293. This gives an overview of the initial response and interest levels of investors in the Benchmark Computer Solutions IPO.
