The subscription frenzy continues for the Supreme Power Equipment IPO, with the public issue witnessing an overwhelming response from investors. On the second day of bidding, i.e., December 22, 2023, the IPO achieved a subscription rate of 22.57 times.
**Category-wise Subscription Breakdown:**
1. **QIB (Qualified Institutional Buyers):**
– Subscription: 1.05 times
– Shares Offered: 12,50,000
– Shares Bid For: 13,18,000
2. **NII (Non-Institutional Investors):**
– Subscription: 14.70 times
– Shares Offered: 9,40,000
– Shares Bid For: 1,38,18,000
3. **Retail Investors:**
– Subscription: 38.23 times
– Shares Offered: 21,88,000
– Shares Bid For: 8,36,58,000
**Overall Subscription Summary:**
– Total Subscription: 22.57 times
– Total Shares Offered: 43,78,000
– Total Shares Bid For: 9,87,94,000
Retail investors have shown exceptional enthusiasm, subscribing a whopping 38.23 times, reflecting a strong appetite for the IPO. Non-Institutional Investors also displayed significant interest with a subscription rate of 14.70 times. However, the QIB category witnessed a more moderate subscription at 1.05 times.
The total number of applications for the Supreme Power Equipment IPO stands at an impressive 41,829, underlining the widespread interest among investors.
As the subscription period concludes, market participants eagerly await the allotment process and subsequent listing of Supreme Power Equipment in the stock market. The stellar subscription figures indicate a positive market sentiment towards the IPO, and investors will be closely monitoring its performance in the coming days.
