As of December 21, 2023, at 1:28 PM (Day 3), the Shanti Spintex IPO has generated substantial investor interest, achieving an impressive oversubscription of 9.52 times. The detailed subscription details for different investor categories are outlined below:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 4.49 times
– Shares Offered: 8,48,000
– Shares Bid For: 38,04,000
– **NII (Non-Institutional Investors):**
– Subscription: 9.09 times
– Shares Offered: 6,36,000
– Shares Bid For: 57,84,000
– **Retail:**
– Subscription: 12.58 times
– Shares Offered: 14,84,000
– Shares Bid For: 1,86,76,000
– **Total:**
– Overall Subscription: 9.52 times
– Total Shares Offered: 29,68,000
– Total Shares Bid For: 2,82,64,000
The Shanti Spintex IPO has witnessed remarkable demand, especially from retail investors, where the subscription is an impressive 12.58 times. Non-Institutional Investors (NII) have also shown significant interest, subscribing 9.09 times, indicating a positive response in this category.
The QIB category has demonstrated healthy demand with a subscription of 4.49 times. The overall subscription figures suggest strong market interest and confidence among investors.
With a total of 11,294 applications received for the IPO, Shanti Spintex has captured the attention of a large number of investors. The final subscription numbers will provide insights into the market’s enthusiasm and the level of confidence investors have in the IPO.
