As of December 20, 2023, 3:29 PM (Day 2), the Electro Force India IPO has achieved a subscription of 1.43 times. The subscription details reveal varying levels of interest across different investor categories. Specifically, the retail category is subscribed 2.46 times, the NII category is subscribed 0.39 times, and the overall subscription stands at 1.43 times.
Here is a breakdown of the subscription figures:
**Category-wise Subscription (times):**
– NII: 0.39 times
– Retail: 2.46 times
**Shares Offered and Bid For:**
– NII: 41,19,600 shares offered, with bids for 16,05,600 shares.
– Retail: 41,19,600 shares offered, with bids for 1,01,49,600 shares.
**Total Subscription:**
The overall subscription level is 1.43 times, considering both categories.
**Total Number of Applications:**
The IPO has received a total of 8,458 applications, reflecting the interest and participation of a diverse set of investors.
While the subscription level indicates a moderate response overall, the higher subscription in the retail category suggests a notable interest among individual investors. The participation from different investor segments will be closely watched as the IPO progresses, and it provides insights into the market sentiment towards Electro Force India.
