The Shanti Spintex IPO, as of December 20, 2023, 3:26 PM (Day 2), has garnered a subscription of 4.40 times. The subscription details reveal that the retail category is subscribed 4.87 times, the QIB category is subscribed 4.27 times, and the NII category is subscribed 3.46 times. This indicates a significant level of interest from investors across different categories.
Here is a breakdown of the subscription figures:
**Category-wise Subscription (times):**
– QIB: 4.27 times
– NII: 3.46 times
– Retail: 4.87 times
**Shares Offered and Bid For:**
– QIB: 8,48,000 shares offered, with bids for 36,24,000 shares.
– NII: 6,36,000 shares offered, with bids for 22,00,000 shares.
– Retail: 14,84,000 shares offered, with bids for 72,34,000 shares.
**Total Subscription:**
The overall subscription level stands at 4.40 times, considering all categories.
**Total Number of Applications:**
The IPO has received a total of 4,741 applications, indicating a considerable level of participation from investors.
These subscription figures suggest a positive market response to the Shanti Spintex IPO, with demand exceeding the number of shares offered. Investors from different categories, including retail, QIB, and NII, have shown interest in the IPO, reflecting confidence in the company’s prospects.
