As of 12:09 PM on December 15, 2023 (Day 2), the Siyaram Recycling IPO has recorded a subscription of 35.52 times. Here’s a detailed breakdown of the subscription status across various categories:
1. **Category-wise Subscription (times):**
– QIB (Qualified Institutional Buyers): 3.55 times
– NII (Non-Institutional Investors): 14.79 times
– Retail: 62.67 times
– Total: 35.52 times
2. **Shares Offered and Bid For:**
– QIB: Shares offered – 9,48,000, Shares bid for – 33,66,000
– NII: Shares offered – 7,11,000, Shares bid for – 1,05,15,000
– Retail: Shares offered – 16,59,000, Shares bid for – 10,39,62,000
– Total: Shares offered – 33,18,000, Shares bid for – 11,78,43,000
3. **Total Number of Applications:**
– The total number of applications received is 43,000.
**Explanation:**
The Siyaram Recycling IPO has witnessed robust demand, especially in the retail category, where the subscription stands at an impressive 62.67 times. The overall subscription figure of 35.52 times indicates substantial interest from investors in the public issue.
Investors closely follow the subscription status during the IPO period as it serves as a key indicator of market sentiment and the level of demand for the company’s shares. The significant oversubscription, particularly in the retail segment, suggests a high level of investor confidence in the Siyaram Recycling IPO.
