As of January 12, 2024, at 7:02 PM (Day 2), the subscription status of the New Swan Multitech IPO indicates overwhelming investor interest, with a total subscription of 59.36 times. The retail category has shown exceptional enthusiasm, being subscribed 92.13 times, while the Qualified Institutional Buyers (QIB) category is subscribed 6.50 times, and the Non-Institutional Investors (NII) category is subscribed 53.40 times.
Here is a breakdown of the subscription details for each category:
– QIB Category: The subscription stands at 6.50 times, with 61,84,000 shares bid for out of the total 9,52,000 shares offered.
– NII Category: This category has a remarkable subscription of 53.40 times, with 3,81,28,000 shares bid for out of the total 7,14,000 shares offered.
– Retail Category: The retail investors have shown significant interest, with a subscription of 92.13 times. The total shares bid for in this category are 15,34,84,000 out of the 16,66,000 shares offered.
In total, the IPO has received bids for 19,77,96,000 shares against the total offering of 33,32,000 shares. The number of total applications received is 85,773.
This level of oversubscription across categories suggests a strong demand for the New Swan Multitech IPO, reflecting positive market sentiment and investor confidence in the company’s prospects. The IPO has attracted widespread attention, particularly from retail investors, as evident from the exceptionally high subscription rate in the retail category.
