As of December 14, 2023, 11:53:00 AM (Day 1), the Inox CVA IPO has attained a subscription rate of 0.66 times. This implies that the total number of shares bid for is 0.66 times higher than the shares offered.
Breaking down the subscription across categories:
– Retail investors have shown complete subscription, with a rate of 1.00 times. This means that for every share offered in the retail category, there has been one bid, indicating full subscription.
– In the Qualified Institutional Buyers (QIB) category, the subscription rate is 0.00 times, suggesting no interest from this category as of now.
– Non-Institutional Investors (NII) have subscribed at a rate of 0.73 times. Within the NII category, bids above ₹10 lakhs (bNII) have a subscription rate of 0.58 times, while bids below ₹10 lakhs (sNII) have a rate of 1.04 times.
The detailed subscription figures are as follows:
– QIB Category: 0.00 times subscription with 19,162 shares bid for out of 44,22,191 shares offered.
– NII Category: 0.73 times subscription with a total of 24,34,410 shares bid for out of 33,16,644 shares offered. Within NII, bids above ₹10 lakhs have a subscription rate of 0.58 times, and bids below ₹10 lakhs have a rate of 1.04 times.
– Retail Category: 1.00 times subscription with 77,25,740 shares bid for out of 77,38,835 shares offered.
The total number of shares offered is 1,54,77,670, and the total number of shares bid for is 1,01,79,312. The total number of applications received for the IPO is 261,581. This provides insights into the initial response and interest levels of investors in the Inox CVA IPO.
