As of December 14, 2023, 12:07:00 PM (Day 1), the Shree OSFM E-Mobility IPO has recorded a subscription rate of 1.19 times. This indicates that the total number of shares bid for is 1.19 times higher than the shares offered.
Breaking down the subscription across categories:
– Non-Institutional Investors (NII) have shown notable interest, subscribing at a rate of 0.98 times. This suggests that for every share offered in the NII category, there have been 0.98 bids, indicating moderate demand from non-institutional investors.
– Retail investors have subscribed at a rate of 0.55 times. For every share offered in the retail category, there have been 0.55 bids, indicating a comparatively lower level of interest from individual investors.
– The Qualified Institutional Buyers (QIB) category subscription rate is not specified.
The detailed subscription figures are as follows:
– NII Category: 0.98 times subscription with 17,58,000 shares bid for out of 17,92,000 shares offered.
– Retail Category: 0.55 times subscription with 9,84,000 shares bid for out of 17,92,000 shares offered.
The total number of shares offered is 35,84,000, and the total number of shares bid for is 42,80,000. The total number of applications received for the IPO is 492. This initial subscription rate provides insights into the investor response and interest levels in the Shree OSFM E-Mobility IPO.
