The Inox CVA IPO, which opened for subscription, witnessed robust investor interest and has been subscribed 6.24 times as of December 18, 2023, 11:55 AM (Day 3). Here’s a breakdown of the subscription details across different categories:
### Day-wise Subscription Details:
– **QIB Category:**
– Subscription: 3.86 times
– Shares Offered: 44,22,191
– Shares Bid For: 1,70,85,640
– **NII Category:**
– Subscription: 11.72 times
– Shares Offered: 33,16,644
– Shares Bid For: 3,88,78,730
– *bNII (bids above ₹10L):* 11.75 times (Shares Bid For: 2,59,71,022)
– *sNII (bids below ₹10L):* 11.68 times (Shares Bid For: 1,29,07,708)
– **Retail Category:**
– Subscription: 5.25 times
– Shares Offered: 77,38,835
– Shares Bid For: 4,06,30,128
### Overall Subscription:
– **Total Subscription: 6.24 times**
– **Total Shares Offered: 1,54,77,670**
– **Total Shares Bid For: 9,65,94,498**
### Application Statistics:
– **Total Applications: 3,039,231**
**Analysis and Implications:**
The Inox CVA IPO has received a strong response from investors across categories. Notably, the NII category, comprising bids both above and below ₹10L, has shown significant oversubscription at 11.72 times. The retail category has also seen healthy participation with a subscription of 5.25 times.
The final total subscription of 6.24 times indicates the widespread investor confidence in the Inox CVA IPO. As the IPO closes its subscription period, market participants will be keenly watching for the allotment details and the subsequent listing on the stock exchanges.
Investors and market observers are advised to stay tuned for further updates and announcements related to the Inox CVA IPO as it progresses through the post-subscription stages.
Please note that these figures are based on available data as of the specified time, and final numbers may be subject to change as additional information becomes available.
