As of December 14, 2023, 11:48:00 AM (Day 2), the India Shelter Finance IPO has achieved a subscription rate of 2.26 times. This indicates that the total number of shares bid for is 2.26 times higher than the shares offered.
Breaking down the subscription across categories:
– Retail investors have shown notable interest, with a subscription rate of 2.93 times. This means that for every share offered in the retail category, there have been 2.93 bids.
– In the Qualified Institutional Buyers (QIB) category, the subscription rate is 0.60 times, indicating
moderate interest from this category.
– Non-Institutional Investors (NII) have subscribed at a rate of 2.91 times. Within the NII category, bids above ₹10 lakhs (bNII) have a subscription rate of 2.39 times, while bids below ₹10 lakhs (sNII) have a rate of 3.95 times.
The detailed subscription figures are as follows:
– QIB Category: 0.60 times subscription with 29,38,980 shares bid for out of 48,68,154 shares offered.
– NII Category: 2.91 times subscription with a total of 1,06,19,430 shares bid for out of 36,51,116 shares offered. Within NII, bids above ₹10 lakhs have a subscription rate of 2.39 times, and bids below ₹10 lakhs have a rate of 3.95 times.
– Retail Category: 2.93 times subscription with 2,49,85,380 shares bid for out of 85,19,270 shares offered.
The total number of shares offered is 1,70,38,540, and the total number of shares bid for is 3,85,43,790. The total number of applications received for the IPO is 782,807. This indicates the level of investor interest and participation in the India Shelter Finance IPO.
