As of 12:47 PM on Day 2, the Sahara Maritime IPO has generated substantial interest from investors, achieving a subscription of 4.10 times. The subscription details across various categories are as follows:
**Category-wise Subscription (as of 12:47 PM, Day 2):**
– **NII (Non-Institutional Investors):** Subscribed at 1.04 times
– Shares Offered: 4,03,200
– Shares Bid For: 4,20,800
– **Retail:** Impressive subscription of 7.15 times
– Shares Offered: 4,03,200
– Shares Bid For: 28,84,800
**Overall Subscription Details (as of 12:47 PM, Day 2):**
– **Total Subscription:** 4.10 times
– **Total Shares Offered:** 8,06,400
– **Total Shares Bid For:** 33,05,600
**Total Applications Received:** 1,974
The retail category has witnessed remarkable oversubscription at 7.15 times, indicating strong demand from individual investors. However, the NII category has seen a subscription of 1.04 times, reflecting moderate interest from non-institutional investors.
Investors are closely monitoring the subscription status, and the final subscription figures at the close of the IPO will provide insights into the overall demand for Sahara Maritime shares. The IPO comprises an offering of 1,600 shares. The subscription period for the Sahara Maritime IPO concludes on December 20, 2023.
*Note: The subscription data is subject to change as the IPO subscription period progresses.*
