As of December 21, 2023, at 1:16 PM (Day 3), the RBZ Jewellers IPO has garnered substantial investor interest, achieving a noteworthy subscription of 10.68 times. The comprehensive subscription details across different investor categories are as follows:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 0.08 times
– Shares Offered: 14,00,000
– Shares Bid For: 1,12,500
– **NII (Non-Institutional Investors):**
– Subscription: 5.69 times
– Shares Offered: 30,00,000
– Shares Bid For: 1,70,59,350
– *bNII (Bids above ₹10L):* 3.59 times (Bids for 71,88,750 shares out of 20,00,000)
– *sNII (Bids below ₹10L):* 9.87 times (Bids for 98,70,600 shares out of 10,00,000)
– **Retail:**
– Subscription: 19.19 times
– Shares Offered: 35,00,000
– Shares Bid For: 6,71,74,050
– **Total:**
– Overall Subscription: 10.68 times
– Total Shares Offered: 79,00,000
– Total Shares Bid For: 8,43,45,900
The RBZ Jewellers IPO has witnessed robust demand from retail investors, with a remarkable subscription of 19.19 times in this category. The non-institutional investors have also shown strong interest, subscribing 5.69 times, indicating a positive response from this segment.
While the QIB category has seen a relatively lower subscription at 0.08 times, the widespread demand from retail investors has contributed significantly to the overall subscription figures.
With a total of 407,705 applications received for the IPO, RBZ Jewellers has garnered considerable attention from the investor community. As the IPO journey progresses, these subscription numbers will continue to evolve, providing insights into market sentiment and the level of confidence investors have in the offering.
