The Initial Public Offering (IPO) of Pratham EPC Projects has garnered significant investor interest, with a subscription of 24.07 times on March 12, 2024, at 12:24 PM, marking the end of Day 2. The IPO has received overwhelming support from retail investors, leading to an overall robust subscription figure.
**Category-wise Subscription Details:**
– **QIB (Qualified Institutional Buyers):** 0.03 times (25,600 shares bid for out of 9,12,000 shares offered)
– **NII (Non-Institutional Investors):** 19.33 times (1,32,38,400 shares bid for out of 6,84,800 shares offered)
– **Retail:** 39.83 times (6,36,00,000 shares bid for out of 15,96,800 shares offered)
**Total Subscription:** 24.07 times (7,68,64,000 shares bid for out of 31,93,600 shares offered)
The retail category has exhibited robust demand, oversubscribing by an impressive 39.83 times. Non-Institutional Investors have also shown significant interest, subscribing 19.33 times, while the Qualified Institutional Buyers category witnessed a subscription of 0.03 times.
**Total Applications Received:** 39,750
This strong response from investors underscores the market’s confidence in Pratham EPC Projects and its growth prospects. The IPO is poised to bring the company’s shares to the market, providing investors with an opportunity to participate in its future endeavors.
Pratham EPC Projects, engaged in engineering, procurement, and construction projects, has seen a positive reception from the investment community. The final subscription figures and allotment details are eagerly awaited as investors anticipate the listing of Pratham EPC Projects on the stock exchanges.
