As of December 13, 2023, at 12:09 PM (Day 2), the S J Logistics IPO has achieved a substantial subscription rate of 34.54 times. The subscription details across different categories are as follows:
1. **QIB (Qualified Institutional Buyers):**
– Subscription: 4.09 times
– Shares Offered: 7,30,000
– Shares Bid for: 29,85,000
2. **NII (Non-Institutional Investors):**
– Subscription: 28.91 times
– Shares Offered: 5,48,000
– Shares Bid for: 1,58,43,000
3. **Retail:**
– Subscription: 54.36 times
– Shares Offered: 12,77,000
– Shares Bid for: 6,94,19,000
The total number of shares offered in the IPO is 25,55,000, and the total shares bid for are 8,82,47,000. The total number of applications received is 69,419.
These figures indicate a robust response to the S J Logistics IPO, with particularly strong interest from retail investors, as seen in the high subscription rate of 54.36 times in the retail category. Non-Institutional Investors (NII) have also shown significant interest with a subscription rate of 28.91 times. The QIB category, while relatively lower at 4.09 times, still demonstrates a reasonable level of institutional participation.
The overall subscription rate of 34.54 times suggests a positive market sentiment and keen investor interest in the S J Logistics IPO, which may be indicative of confidence in the company’s prospects. High subscription rates often signify a favorable perception of the IPO among investors.
