As of 12:17 PM on December 15, 2023 (Day 2), the Shree OSFM E-Mobility IPO has achieved a subscription of 2.52 times. Here’s a detailed breakdown of the subscription status across various categories:
1. **Category-wise Subscription (times):**
– NII (Non-Institutional Investors): 1.80 times
– Retail: 2.39 times
– Total: 2.52 times
2. **Shares Offered and Bid For:**
– NII: Shares offered – 17,92,000, Shares bid for – 32,22,000
– Retail: Shares offered – 17,92,000, Shares bid for – 42,84,000
– Total: Shares offered – 35,84,000, Shares bid for – 90,44,000
3. **Total Number of Applications:**
– The total number of applications received is 2,142.
**Explanation:**
The Shree OSFM E-Mobility IPO has seen a subscription of 2.52 times, indicating moderate demand from investors. The retail category has shown a subscription of 2.39 times, while the non-institutional investors (NII) category has a subscription of 1.80 times.
Investors closely monitor the subscription status during the IPO period as it provides insights into market sentiment and the level of interest in the company’s shares. The total application count of 2,142 reflects the number of unique applications received for the IPO.
It’s essential to note that the overall subscription figure is a crucial metric that investors use to gauge the level of demand for the IPO. In this case, a subscription of 2.52 times suggests a reasonable level of interest in the Shree OSFM E-Mobility IPO.
