As of December 21, 2023, at 1:25 PM (Day 3), the Electro Force India IPO has seen significant investor interest, achieving an oversubscription of 3.08 times. The detailed subscription details for different investor categories are as follows:
– **NII (Non-Institutional Investors):**
– Subscription: 1.28 times
– Shares Offered: 41,19,600
– Shares Bid For: 52,72,800
– **Retail:**
– Subscription: 4.88 times
– Shares Offered: 41,19,600
– Shares Bid For: 2,01,15,600
– **Total:**
– Overall Subscription: 3.08 times
– Total Shares Offered: 82,39,200
– Total Shares Bid For: 2,54,07,600
The Electro Force India IPO has witnessed robust demand from retail investors, with a subscription of 4.88 times in this category. Non-institutional investors have also shown keen interest, subscribing 1.28 times, indicating a favorable response in this segment.
While the QIB (Qualified Institutional Buyers) category subscription details are yet to be disclosed, the overall subscription figures suggest positive market sentiment and confidence among investors.
With a total of 16,763 applications received for the IPO, Electro Force India has garnered substantial attention from the investor community. The final subscription numbers will provide insights into the market’s reception and the level of confidence investors have in the IPO.
