As of December 20, 2023, at 11:57 AM (Day 2), the subscription status of the Mufti Menswear IPO stands at 3.58 times. Here is a detailed breakdown of the subscription figures for different categories:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 0.24 times
– Shares Offered: 39,26,992
– Shares Bid For: 9,49,336
– **NII (Non-Institutional Investors):**
– Subscription: 4.33 times
– Shares Offered: 29,45,244
– Shares Bid For: 1,27,46,553
– bNII (bids above ₹10L): 2.93 times (19,63,496 shares bid for)
– sNII (bids below ₹10L): 7.12 times (9,81,748 shares bid for)
– **Retail:**
– Subscription: 5.18 times
– Shares Offered: 68,72,236
– Shares Bid For: 3,55,76,038
– **Total:**
– Subscription: 3.58 times
– Shares Offered: 1,37,44,472
– Shares Bid For: 4,92,71,927
The total number of applications received is 518,796.
These subscription details reveal significant interest from investors, especially in the retail category, which is oversubscribed at 5.18 times. This indicates robust demand from individual investors for the Mufti Menswear IPO. However, the QIB category shows a relatively lower subscription at 0.24 times. The NII category has seen substantial oversubscription at 4.33 times, with bids both above and below ₹10 lakh reflecting diverse investor participation.
As the IPO continues its subscription period, market participants will closely monitor the trends, considering overall market sentiment and demand from different investor segments.
