As of April 18, 2024, at 5:39:56 PM (Day 3), the subscription status of the Ramdevbaba Solvent IPO indicates an overwhelming subscription rate of 126.21 times. This means that the total number of shares bid for is approximately 126 times the total shares offered.
Breaking down the subscription by category:
– In the Retail category, the IPO has been subscribed 79.96 times, indicating that retail investors have bid for nearly 80 times the number of shares allocated for them.
– In the Qualified Institutional Buyer (QIB) category, the subscription stands at 65.95 times, suggesting that institutional investors have bid for nearly 66 times the shares reserved for them.
– In the Non-Institutional Investor (NII) category, the subscription rate is exceptionally high at 314.46 times, meaning that non-institutional investors have bid for over 314 times the shares allocated to them.
Further details within the NII category reveal:
– The total number of shares offered to NII investors is 8,40,000, and they have bid for a staggering 26,41,50,400 shares, indicating intense demand from this category.
Overall, the total number of applications received for the Ramdevbaba Solvent IPO is 97,956, suggesting the number of unique bids submitted by investors across all categories. This reflects significant interest and demand for the IPO shares.
