The Sameera Agro IPO has recorded a subscription of 0.90 times on the second day of bidding, December 22, 2023. The public issue witnessed moderate demand from investors across categories.
**Category-wise Subscription Details:**
1. **NII (Non-Institutional Investors):**
– Subscription: 0.97 times
– Shares Offered: 16,48,000
– Shares Bid For: 16,00,800
2. **Retail Investors:**
– Subscription: 0.83 times
– Shares Offered: 16,48,000
– Shares Bid For: 13,60,000
**Overall Subscription Summary:**
– Total Subscription: 0.90 times
– Total Shares Offered: 32,96,000
– Total Shares Bid For: 29,64,000
While the Sameera Agro IPO garnered a subscription of 0.90 times, indicating a decent response, the retail category saw a subscription of 0.83 times. Non-Institutional Investors showed relatively higher interest with a subscription of 0.97 times.
The total number of applications for the Sameera Agro IPO stands at 1,700, showcasing the measured interest from investors during the subscription period.
As the IPO moves forward, market participants await the allotment process and the subsequent listing, where the performance of Sameera Agro in the stock market will be closely monitored. The subscription figures reflect the current market sentiment, and investors will keenly observe the developments in the coming days.
