As of December 21, 2023, at 1:12 PM (Day 3), the Happy Forgings IPO has garnered significant investor interest, achieving an impressive subscription of 15.96 times. The detailed subscription statistics across various investor categories are as follows:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 7.34 times
– Shares Offered: 23,73,160
– Shares Bid For: 1,74,28,672
– **NII (Non-Institutional Investors):**
– Subscription: 37.70 times
– Shares Offered: 17,79,870
– Shares Bid For: 6,71,04,338
– *bNII (Bids above ₹10L):* 39.33 times (Bids for 4,66,72,820 shares out of 11,86,580)
– *sNII (Bids below ₹10L):* 34.44 times (Bids for 2,04,31,518 shares out of 5,93,291)
– **Retail:**
– Subscription: 11.57 times
– Shares Offered: 41,53,031
– Shares Bid For: 4,80,56,365
– **Total:**
– Overall Subscription: 15.96 times
– Total Shares Offered: 83,06,061
– Total Shares Bid For: 13,25,89,375
The IPO has witnessed robust demand across all investor categories, with non-institutional investors showing exceptional enthusiasm with a subscription of 37.70 times. Both bids above and below ₹10 lakhs in the NII category reflect strong interest.
The retail category has also displayed substantial participation, subscribing 11.57 times, showcasing the widespread appeal of Happy Forgings among individual investors.
The cumulative total of 2,481,856 applications received for the IPO underscores the broad-based interest and confidence investors have placed in Happy Forgings. As the IPO journey progresses, these subscription figures will continue to evolve, providing valuable insights into market sentiment and investor confidence in the offering.
