The Royal Sense IPO, which kickstarted its subscription phase on March 12, 2024, has seen a steady start with an overall subscription of 0.28 times by 12:33 PM on Day 1. While the response from the Qualified Institutional Buyers (QIB) category remains unspecified, both the Retail and Non-Institutional Investors (NII) categories have shown some participation.
**Category-wise Subscription Details:**
– **NII (Non-Institutional Investors):** 0.02 times (16,000 shares bid for out of 6,45,000 shares offered)
– **Retail:** 0.54 times (3,50,000 shares bid for out of 6,45,000 shares offered)
**Total Subscription:** 0.28 times (3,66,000 shares bid for out of 12,90,000 shares offered)
The Retail category has led the initial subscription figures, showcasing a response of 0.54 times. Non-Institutional Investors have also displayed some interest with a subscription of 0.02 times. The exact subscription details for the QIB category are currently unavailable.
**Total Applications Received:** 1
It is important to note that these are preliminary figures, and the subscription status may evolve as the IPO progresses through its subscription period. Investors and market participants will be closely monitoring the developments in the coming days, and the final subscription numbers will provide a clearer picture of the investor sentiment towards the Royal Sense IPO.
