The Mufti Menswear IPO, which kicked off its subscription on December 19, 2023, has achieved a subscription of 0.48 times as of 11:37 AM on Day 1. The subscription details across various categories are as follows:
**Category-wise Subscription (as of 11:37 AM, Day 1):**
– **QIB (Qualified Institutional Buyers):** Subscribed 0.00 times
– Shares Offered: 39,26,992
– Shares Bid For: 0
– **NII (Non-Institutional Investors):** Subscribed 0.29 times
– Shares Offered: 29,45,244
– Shares Bid For: 8,67,239
– bNII (bids above ₹10L): 0.16 times
– Shares Offered: 19,63,496
– Shares Bid For: 3,15,191
– sNII (bids below ₹10L): 0.56 times
– Shares Offered: 9,81,748
– Shares Bid For: 5,52,048
– **Retail:** Subscribed 0.83 times
– Shares Offered: 68,72,236
– Shares Bid For: 56,98,560
**Overall Subscription Details (as of 11:37 AM, Day 1):**
– **Total Subscription:** 0.48 times
– **Total Shares Offered:** 1,37,44,472
– **Total Shares Bid For:** 65,65,799
**Total Applications Received:** 75,592
The retail category has seen robust demand with a subscription of 0.83 times, showcasing considerable interest from individual investors. However, the QIB category has yet to witness any subscriptions, and the NII category has experienced a moderate response, with varying levels of subscription for bids above and below ₹10 lakh.
Investors are closely monitoring the subscription status, and the final subscription figures at the close of the IPO will provide insights into the overall demand for Mufti Menswear shares. The IPO comprises an Offer for Sale (OFS) of 1.96 crore equity shares, with the price band set at ₹266 to ₹280 per share. The offer concludes on December 21, 2023.
