As of December 20, 2023, 3:33 PM (Day 3), the Sahara Maritime IPO has garnered significant investor interest, achieving a robust subscription of 19.49 times.
The subscription details reveal substantial demand across different investor categories. Specifically, the retail category is significantly oversubscribed at 31.10 times, the NII category is subscribed 7.86 times, and the overall subscription stands at an impressive 19.49 times.
Here is a detailed breakdown of the subscription figures:
**Category-wise Subscription (times):**
– NII: 7.86 times
– Retail: 31.10 times
**Shares Offered and Bid For:**
– NII: 4,03,200 shares offered, with bids for an overwhelming 31,68,000 shares.
– Retail: 4,03,200 shares offered, with bids for an astounding 1,25,40,800 shares.
**Total Subscription:**
The overall subscription level is an impressive 19.49 times, considering both categories.
**Total Number of Applications:**
The IPO has received a total of 11,006 applications, reflecting widespread interest and participation from investors.
The exceptionally high subscription levels, especially in the retail category, indicate strong market demand for Sahara Maritime shares. The oversubscription suggests positive investor sentiment and confidence in the company’s prospects. As the IPO progresses, the final subscription figures and investor response will be closely monitored to gauge the success and market reception of Sahara Maritime.
