Index
Show
IPO modestly oversubscribed at 1.07 times
The company’s initial public offering attracted bids for 39,16,33,950 shares against 36,47,76,528 shares on offer, translating into a subscription level of 1.07 times, according to data available with the NSE till 11:45 hours.
Quick snapshot
- Bids received: 39,16,33,950 shares
- Shares on offer: 36,47,76,528 shares
- Subscription level: 1.07 times (NSE data till 11:45 hours)
What the numbers indicate
A subscription of 1.07 times points to modest but positive investor interest. It means demand slightly exceeded supply early in the day, but the IPO is not experiencing the strong oversubscription that some high-profile issues attract.
What investors should watch next
- Updated subscription figures at market close — the picture can change over the day.
- Breakdown of bids across retail, institutional and non-institutional categories for better insight into investor mix.
- Allotment and listing updates, which will determine final allocations and initial market reaction.
Overall, the early-day data suggests steady, measured demand. Final outcomes will depend on end-of-day subscription levels and the allotment process.