As of December 21, 2023, at 1:33 PM (Day 1), the subscription status for the Indifra IPO indicates a moderate response from investors. The detailed subscription details across different investor categories are as follows:
– **NII (Non-Institutional Investors):**
– Subscription: 0.04 times
– Shares Offered: 10,26,000
– Shares Bid For: 36,000
– **Retail:**
– Subscription: 0.59 times
– Shares Offered: 10,26,000
– Shares Bid For: 6,04,000
– **Total:**
– Overall Subscription: 0.31 times
– Total Shares Offered: 20,52,000
– Total Shares Bid For: 6,40,000
The Indifra IPO has observed a modest level of interest from investors on the first day of subscription. Non-Institutional Investors (NII) have subscribed 0.04 times, while retail investors have shown slightly higher enthusiasm with a subscription of 0.59 times.
The total number of applications received stands at 302, reflecting the initial interest in the IPO. It is crucial to monitor the subscription figures in the coming days to gauge the evolving investor sentiment and the potential demand for Indifra shares.
Investors and market participants will be keenly watching the subscription trends as the IPO progresses through the subscription period.
