As of December 20, 2023, at 1:17 PM (Day 3), the subscription status of the Suraj Estate Developers IPO stands at 5.45 times. Here is a detailed breakdown of the subscription figures for different categories:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 0.15 times
– Shares Offered: 22,22,222
– Shares Bid For: 3,27,754
– **NII (Non-Institutional Investors):**
– Subscription: 9.02 times
– Shares Offered: 16,66,666
– Shares Bid For: 1,50,28,140
– bNII (bids above ₹10L): 7.36 times (11,11,110 shares bid for)
– sNII (bids below ₹10L): 12.32 times (5,55,555 shares bid for)
– **Retail:**
– Subscription: 6.95 times
– Shares Offered: 38,88,889
– Shares Bid For: 2,70,43,559
– **Total:**
– Subscription: 5.45 times
– Shares Offered: 77,77,777
– Shares Bid For: 4,23,99,453
The total number of applications received is 627,571.
These subscription details indicate considerable interest from investors, especially in the NII and retail categories, which are oversubscribed at 9.02 times and 6.95 times, respectively. This signifies robust demand from both non-institutional and retail investors for the Suraj Estate Developers IPO. However, the QIB category shows a relatively lower subscription at 0.15 times.
As the IPO progresses through its subscription period, market participants will continue to monitor the trends, considering overall market sentiment and demand from different investor segments.
