The subscription status for the Indifra IPO reflects a subscription of 1.75 times on the second day of bidding, December 22, 2023. Investors have shown varied levels of interest across different categories, with a notable surge in the retail segment.
**Category-wise Subscription Details:**
1. **NII (Non-Institutional Investors):**
– Subscription: 0.30 times
– Shares Offered: 10,26,000
– Shares Bid For: 3,12,000
2. **Retail Investors:**
– Subscription: 3.19 times
– Shares Offered: 10,26,000
– Shares Bid For: 32,78,000
**Total Subscription Summary:**
– Total Subscription: 1.75 times
– Total Shares Offered: 20,52,000
– Total Shares Bid For: 35,90,000
The retail category has emerged as a stronghold, witnessing a robust subscription of 3.19 times, indicating significant interest from individual investors. Non-Institutional Investors, however, subscribed at a rate of 0.30 times, reflecting a comparatively subdued response from this investor segment.
The total number of applications received for the Indifra IPO stands at 1,639, showcasing a decent level of investor participation.
While the subscription figures point towards a mixed response, the final day of bidding will be crucial in determining the overall demand for the IPO. Investors will keenly await the outcome of the allotment process and the subsequent listing performance of Indifra in the stock market. The dynamics of the IPO market continue to unfold, and market participants will be closely monitoring the developments in the coming days.
