The subscription status for the Innova Captab IPO indicates a moderate yet promising response from investors, with an overall subscription of 3.28 times on the second day of bidding, December 22, 2023.
**Category-wise Subscription Details:**
1. **QIB (Qualified Institutional Buyers):**
– Subscription: 1.07 times
– Shares Offered: 25,44,643
– Shares Bid For: 27,33,423
2. **NII (Non-Institutional Investors):**
– Overall Subscription: 2.62 times
– Shares Offered: 19,08,482
–
– bNII (Bids above ₹10L): 1.56 times
– Shares Bid For: 12,72,322
– Total Amount Bid: ₹19,78,812
– sNII (Bids below ₹10L): 4.76 times
– Shares Bid For: 6,36,161
– Total Amount Bid: ₹30,30,357
3. **Retail Investors:**
– Subscription: 4.83 times
– Shares Offered: 44,53,125
– Shares Bid For: 2,15,07,090
**Total Subscription Summary:**
– Total Subscription: 3.28 times
– Total Shares Offered: 89,06,250
– Total Shares Bid For: 2,92,49,682
The retail category witnessed a robust subscription of 4.83 times, showcasing strong interest from individual investors. Non-Institutional Investors, both above and below ₹10 lakhs in investment, displayed varying levels of demand, with the overall category witnessing a subscription of 2.62 times. Qualified Institutional Buyers, however, subscribed 1.07 times, indicating a comparatively moderate response from institutional investors.
The total number of applications received for the Innova Captab IPO reached 623,595, reflecting a considerable level of retail participation and investor engagement.
While the subscription figures point towards a moderate demand for the IPO, the final day of bidding and subsequent allotment will be closely monitored by market participants. The performance of Innova Captab post-listing will be eagerly awaited, and investors will be keenly observing the developments as the company embarks on its journey as a publicly listed entity.
