As of December 13, 2023, at 11:53 AM (Day 1), the India Shelter Finance IPO has garnered a subscription rate of 0.66 times. Here’s a breakdown of the subscription details across different categories:
1. **QIB (Qualified Institutional Buyers):**
– Subscription: 0.01 times
– Shares Offered: 48,68,154
– Shares Bid for: 45,840
2. **NII (Non-Institutional Investors):**
– Overall NII Subscription: 0.85 times
– bNII (Bids above ₹10L): 0.65 times
– Shares Offered: 24,34,077
– Shares Bid for: 15,73,128
– sNII (Bids below ₹10L): 1.25 times
– Shares Offered: 12,17,039
– Shares Bid for: 15,21,342
3. **Retail:**
– Subscription: 0.93 times
– Shares Offered: 85,19,270
– Shares Bid for: 79,12,404
The total number of shares offered in the IPO is 1,70,38,540, and the total shares bid for are 1,12,04,922. The total number of applications received is 165,891.
These figures indicate a moderate response to the India Shelter Finance IPO on the first day of the subscription period. The retail category has seen a subscription rate of 0.93 times, indicating some interest from individual investors.
The NII category shows a relatively higher subscription rate of 0.85 times, with bids above ₹10L at 0.65 times and bids below ₹10L at 1.25 times. The QIB category has a minimal subscription rate of 0.01 times.
The overall subscription rate of 0.66 times suggests a cautious interest from investors as the IPO progresses into the subscription period.
