As of January 10, 2024, 4:11 PM (Day 2), the Initial Public Offering (IPO) of Jyoti CNC Automation has demonstrated a subscription rate of 3.88 times, indicating considerable investor interest. This figure represents the total number of shares bid for in relation to the shares offered.
Here’s a breakdown of the subscription across different categories:
1. **QIB (Qualified Institutional Buyer) Category:** The subscription in this category is 0.23 times, with investors bidding for 20,38,725 shares out of the 90,18,127 shares offered.
2. **NII (Non-Institutional Investor) Category:** The NII category shows a strong subscription of 6.11 times. Bids for 2,75,72,085 shares were placed against the 45,09,064 shares offered. Notably, within the NII category, bids above ₹10 lakh (bNII) are 5.31 times subscribed, while bids below ₹10 lakh (sNII) are 7.72 times subscribed.
3. **Retail Category:** The retail segment has witnessed substantial interest, with a subscription of 11.39 times. Investors bid for 3,42,37,485 shares out of the 30,06,042 shares offered.
4. **Employee Category:** The employee category has a subscription of 5.29 times, with bids for 8,37,495 shares out of the 1,58,227 shares offered.
**Overall Summary:**
– Total Shares Offered: 1,66,91,460
– Total Shares Bid For: 6,46,85,790
– Total Application Count: 599,337
The data indicates a particularly strong response from retail investors, reflecting robust demand for shares in the Jyoti CNC Automation IPO. While the QIB category shows a relatively lower subscription, the NII category, especially bids above ₹10 lakh, demonstrates significant interest. The overall subscription at 3.88 times suggests positive market sentiment and investor confidence in the offering.
