As of December 18, 2023, 12:23 PM (Day 1), the Sahara Maritime IPO has garnered a moderate subscription, reaching 0.50 times. The subscription details across various categories are outlined below:
### Day-wise Subscription Details:
– **NII Category:**
– Subscription: 0.05 times
– Shares Offered: 4,03,200
– Shares Bid For: 20,800
– **Retail Category:**
– Subscription: 0.94 times
– Shares Offered: 4,03,200
– Shares Bid For: 3,79,200
### Overall Subscription:
– **Total Subscription: 0.50 times**
– **Total Shares Offered: 8,06,400**
– **Total Shares Bid For: 4,00,000**
### Application Statistics:
– **Total Applications: 326**
**Analysis and Implications:**
The Sahara Maritime IPO has experienced a moderate response on the first day of subscription, with an overall subscription of 0.50 times. The retail category has shown a relatively higher interest, subscribing at 0.94 times, indicating a positive response from individual investors.
On the other hand, the NII category has displayed a more conservative approach with a subscription of 0.05 times.
Investors and market observers will be closely monitoring the subscription trends in the upcoming days. The final subscription numbers and the allotment process will provide valuable insights into the market’s perception of the Sahara Maritime IPO.
It’s important to note that the figures presented are based on available data as of the specified time, and final numbers may be subject to change as additional information becomes available.
