The Siyaram Recycling Industries IPO has witnessed unprecedented demand from investors, soaring to a remarkable subscription of 107.76 times as of December 18, 2023, 11:52 AM (Day 3). Let’s delve into the subscription details across different categories:
### Day-wise Subscription Details:
– **QIB Category:**
– Subscription: 8.12 times
– Shares Offered: 9,48,000
– Shares Bid For: 77,01,000
– **NII* Category:**
– Subscription: 70.23 times
– Shares Offered: 7,11,000
– Shares Bid For: 4,99,32,000
– **Retail Category:**
– Subscription: 180.79 times
– Shares Offered: 16,59,000
– Shares Bid For: 29,99,25,000
### Overall Subscription:
– **Total Subscription: 107.76 times**
– **Total Shares Offered: 33,18,000**
– **Total Shares Bid For: 35,75,58,000**
### Application Statistics:
– **Total Applications: 124,982**
**Analysis and Implications:**
The Siyaram Recycling Industries IPO has witnessed an overwhelming response from investors, with a subscription of 107.76 times, underscoring strong investor confidence. The retail category, in particular, has displayed exceptional enthusiasm, subscribing a staggering 180.79 times.
The NII* category, which includes non-institutional investors, has also shown significant oversubscription at 70.23 times. The QIB category, comprising institutional investors, has subscribed 8.12 times, reflecting institutional interest in the offering.
As the IPO concludes its subscription period, market participants will be eagerly anticipating the allotment details and monitoring the listing on the stock exchanges.
Investors and market enthusiasts are advised to stay tuned for further updates and announcements related to the Siyaram Recycling Industries IPO as it progresses through the post-subscription stages.
Please note that the figures provided are based on available data as of the specified time, and final numbers may be subject to change as additional information becomes available.
