As of December 14, 2023, 11:55:00 AM (Day 3), the S J Logistics IPO has witnessed an extraordinary subscription rate of 105.65 times. This signifies that the total number of shares bid for is an impressive 105.65 times higher than the shares offered.
Breaking down the subscription across categories:
– Retail investors have shown remarkable enthusiasm, subscribing at an exceptional rate of 162.64 times. This indicates an overwhelming demand, with 162.64 bids for every share offered in the retail category.
– In the Qualified Institutional Buyers (QIB) category, the subscription rate is 11.78 times, reflecting substantial interest from institutional investors.
– Non-Institutional Investors (NII) have subscribed at an exceptionally high rate of 97.87 times. This category has seen intense demand, with 97.87 bids for every share offered.
The detailed subscription figures are as follows:
– QIB Category: 11.78 times subscription with 86,00,000 shares bid for out of 7,30,000 shares offered.
– NII Category: 97.87 times subscription with an overwhelming demand of 5,36,34,000 shares bid for out of 5,48,000 shares offered.
– Retail Category: 162.64 times subscription with an extraordinary 20,76,94,000 shares bid for out of 12,77,000 shares offered.
The total number of shares offered is 25,55,000, and the total number of shares bid for is a staggering 26,99,28,000. The total number of applications received for the IPO is 207,694. This remarkable subscription rate reflects the strong investor confidence and widespread interest in the S J Logistics IPO.
