As of 12:53 PM on Day 1, the Electro Force India IPO has garnered a subscription of 0.31 times. The subscription details across various categories are as follows:
**Category-wise Subscription (as of 12:53 PM, Day 1):**
– **NII (Non-Institutional Investors):** Subscribed at 0.06 times
– Shares Offered: 41,19,600
– Shares Bid For: 2,55,600
– **Retail:** Subscribed at 0.55 times
– Shares Offered: 41,19,600
– Shares Bid For: 22,69,200
**Overall Subscription Details (as of 12:53 PM, Day 1):**
– **Total Subscription:** 0.31 times
– **Total Shares Offered:** 82,39,200
– **Total Shares Bid For:** 25,24,800
**Total Applications Received:** 1,891
While the overall subscription stands at 0.31 times, the retail category has witnessed a relatively higher subscription of 0.55 times, suggesting notable interest from individual investors. However, the NII category has seen a subscription of 0.06 times, reflecting a more subdued response from non-institutional investors.
Investors are closely monitoring the subscription status, and the final subscription figures at the close of the IPO will provide insights into the overall demand for Electro Force India shares. The IPO comprises an offering of 1,200 shares. The subscription period for the Electro Force India IPO concludes on December 21, 2023.
*Note: The subscription data is subject to change as the IPO subscription period progresses.*
