As of December 13, 2023, at 12:05 PM (Day 3), the Presstonic Engineering IPO has witnessed an overwhelming subscription rate of 75.70 times. The subscription details across different categories are as follows:
1. **NII (Non-Institutional Investors):**
– Subscription: 38.12 times
– Shares Offered: 15,37,600
– Shares Bid for: 5,86,12,800
2. **Retail:**
– Subscription: 111.23 times
– Shares Offered: 15,36,000
– Shares Bid for: 17,08,54,400
The total number of shares offered in the IPO is 30,73,600, and the total shares bid for are a staggering 23,26,86,400. The total number of applications received is 106,784.
These figures indicate an exceptional response to the Presstonic Engineering IPO, with both retail and non-institutional investors showing substantial interest. The retail category has seen an extraordinary subscription rate of 111.23 times, reflecting strong demand from individual investors. The NII category, while robust at 38.12 times, signifies significant interest from non-institutional investors.
The overall subscription rate of 75.70 times suggests a remarkable level of investor enthusiasm for Presstonic Engineering. Such high subscription rates often indicate confidence and positive sentiment among investors towards the company’s offering.
