As of January 10, 2024, 4:05 PM (Day 2), the Initial Public Offering (IPO) of IBL Finance has garnered significant investor interest, with an overall subscription of 8.03 times. This subscription figure reflects the total number of shares bid for in comparison to the shares offered.
Breaking down the subscription across different categories:
1. **Retail Category:** The retail segment has shown robust interest, with a subscription of 12.64 times. In this category, 3,93,04,000 shares were bid for, out of the 31,10,000 shares offered.
2. **QIB (Qualified Institutional Buyer) Category:** The QIB category’s subscription status is denoted as “[.] times,” and the specific subscription figure is not provided. However, it indicates that there is demand from institutional investors.
3. **NII (Non-Institutional Investor) Category:** The NII category has a subscription of 2.87 times. Investors in this category bid for 79,92,000 shares out of the 27,80,000 shares offered.
**Overall Summary:**
– Total Shares Offered: 58,90,000
– Total Shares Bid For: 4,73,18,000
– Total Application Count: 19,653
This data suggests a strong response from retail investors, signifying their interest in participating in the IBL Finance IPO. The NII category also reflects substantial demand. The IPO’s total subscription at 8.03 times indicates a notable oversubscription, highlighting positive market sentiment and confidence in the offering.
