As of December 20, 2023, at 11:57 AM (Day 2), the subscription status of the Happy Forgings IPO stands at 4.05 times. The detailed subscription figures for different categories are as follows:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 0.03 times
– Shares Offered: 23,73,160
– Shares Bid For: 69,190
– **NII (Non-Institutional Investors):**
– Subscription: 7.53 times
– Shares Offered: 17,79,870
– Shares Bid For: 1,34,03,021
– bNII (bids above ₹10L): 6.61 times (11,86,580 shares bid for)
– sNII (bids below ₹10L): 9.37 times (5,93,291 shares bid for)
– **Retail:**
– Subscription: 4.85 times
– Shares Offered: 41,53,031
– Shares Bid For: 2,01,47,295
– **Total:**
– Subscription: 4.05 times
– Shares Offered: 83,06,061
– Shares Bid For: 3,36,19,506
The total number of applications received is 789,399.
These subscription details indicate a substantial level of interest from investors, particularly in the retail and NII categories. The retail category has been oversubscribed at 4.85 times, reflecting strong demand from individual investors. The NII category has seen significant oversubscription at 7.53 times, with both bids above and below ₹10 lakh demonstrating diverse investor interest. However, the QIB category shows a relatively lower subscription at 0.03 times.
Investors and market participants will closely monitor the subscription trends as the IPO progresses through its subscription period, considering factors such as overall market sentiment and demand from different investor segments.
