The Pratham EPC Projects IPO has garnered significant investor interest, with the subscription reaching an impressive 177.92 times on March 13, 2024, marking the end of Day 3 of the subscription period. This overwhelming response reflects the confidence and enthusiasm of investors in the offering.
Breaking down the subscription figures by category, we observe robust demand across all investor segments. In the retail category, the IPO witnessed a subscription of 178.33 times, demonstrating strong retail investor participation. Similarly, in the Non-Institutional Investor (NII) category, the subscription stood at a remarkable 320.32 times, indicating considerable interest from high-net-worth individuals and other non-institutional investors.
Even in the Qualified Institutional Buyer (QIB) category, where typically institutional investors participate, the subscription reached a notable 70.28 times. This indicates institutional confidence in Pratham EPC Projects’ prospects and business fundamentals.
Looking at the subscription numbers in detail, we find that in terms of shares offered versus shares bid for, the response has been overwhelming. For instance, in the NII category, where 6,84,800 shares were offered, investors bid for a staggering 21,93,56,800 shares, showcasing an exceptionally high demand compared to the available shares.
Similarly, in the retail category, where 15,96,800 shares were offered, investors bid for 28,47,55,200 shares, indicating a robust appetite among individual investors for the IPO.
In total, the IPO received a total of 177,972 applications, underscoring the widespread interest and participation from investors across the board.
The Pratham EPC Projects IPO has evidently struck a chord with investors, driven by factors such as the company’s growth prospects, business model, and industry outlook. With such overwhelming demand, the IPO is poised for a strong debut on the stock exchanges, signaling a promising start for Pratham EPC Projects in the public market.
