As of January 15, 2024, 1:01 PM (Day 3), the subscription status of the New Swan Multitech IPO reflects an extraordinary level of demand, with the public issue being subscribed 158.20 times. Here’s a detailed breakdown of the subscription details across different categories:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 12.05 times
– Shares Offered: 9,52,000
– Shares Bid For: 1,14,72,000
– **NII (Non-Institutional Investors):**
– Subscription: 210.42 times
– Shares Offered: 7,14,000
– Shares Bid For: 15,02,38,000
– **Retail:**
– Subscription: 219.33 times
– Shares Offered: 16,66,000
– Shares Bid For: 36,54,04,000
– **Total:**
– Subscription: 158.20 times
– Shares Offered: 33,32,000
– Shares Bid For: 52,71,14,000
The total number of applications received is an impressive 261,389.
These figures highlight an unprecedented level of interest, especially from retail investors, contributing to a subscription rate of 219.33 times in the retail category. The NII category also exhibits remarkable demand with a subscription rate of 210.42 times.
Despite a relatively lower subscription rate in the QIB category, the overall subscription rate of 158.20 times indicates an overwhelming response to the New Swan Multitech IPO. Continued monitoring of the subscription status will provide insights into investor sentiment and the potential listing performance of the IPO.
