As of December 14, 2023, 12:05:00 PM (Day 1), the Siyaram Recycling IPO has garnered a subscription rate of 4.30 times. This indicates that the total number of shares bid for is 4.30 times higher than the shares offered.
Breaking down the subscription across categories:
– Retail investors have shown robust interest, subscribing at an impressive rate of 7.81 times. This means that for every share offered in the retail category, there have been 7.81 bids, indicating a strong demand from individual investors.
– In the Qualified Institutional Buyers (QIB) category, the subscription rate is minimal at 0.01 times, suggesting limited interest from institutional investors.
– Non-Institutional Investors (NII) have subscribed at a rate of 1.84 times, indicating moderate interest from this category.
The detailed subscription figures are as follows:
– QIB Category: 0.01 times subscription with 9,000 shares bid for out of 9,48,000 shares offered.
– NII Category: 1.84 times subscription with 13,08,000 shares bid for out of 7,11,000 shares offered.
– Retail Category: 7.81 times subscription with a significant 1,29,60,000 shares bid for out of 16,59,000 shares offered.
The total number of shares offered is 33,18,000, and the total number of shares bid for is 1,42,77,000. The total number of applications received for the IPO is 4,646. This provides insights into the initial response and investor sentiment towards the Siyaram Recycling IPO.
