As of December 18, 2023, 12:20 PM (Day 1), the Suraj Estate Developers IPO has witnessed a subdued subscription, totaling 0.23 times. The subscription details across various categories are detailed below:
### Day-wise Subscription Details:
– **QIB Category:**
– Subscription: 0.00 times
– Shares Offered: 22,22,222
– Shares Bid For: 0
– **NII Category:**
– Subscription: 0.09 times
– Shares Offered: 16,66,666
– Shares Bid For: 1,43,705
– bNII (bids above ₹10L): 0.05 times (11,11,110 shares bid for)
– sNII (bids below ₹10L): 0.15 times (5,55,555 shares bid for)
– **Retail Category:**
– Subscription: 0.42 times
– Shares Offered: 38,88,889
– Shares Bid For: 16,32,948
### Overall Subscription:
– **Total Subscription: 0.23 times**
– **Total Shares Offered: 77,77,777**
– **Total Shares Bid For: 17,76,653**
### Application Statistics:
– **Total Applications: 34,940**
**Analysis and Implications:**
The Suraj Estate Developers IPO has observed a modest response on the first day of subscription, with an overall subscription of 0.23 times. The retail category has displayed relatively higher interest at 0.42 times, while the QIB category records no subscriptions.
In the NII category, the subscription is 0.09 times, with a breakdown of bids above and below ₹10 lakh. The figures suggest a cautious approach from institutional and non-institutional investors.
Investors and market observers should keep an eye on the subscription trends in the coming days, as final numbers and allotment details will provide insights into the overall demand for the IPO.
It’s important to note that the figures presented are based on available data as of the specified time, and final numbers may be subject to change as additional information becomes available.
