The IPO of Azad Engineering is Subscribed 23.71 times in the retail category; 179.66 times in QIB category and 87.54 times in NIIs category
FinTech BizNews Service
Mumbai, December 22, 2023: Azad Engineering Limited’s IPO was subscribed 80.60 times as of 05:00 PM, December 22, 2023. The IPO of Azad Engineering was subscribed 23.71 times in the retail category; 179.66 times in QIB category and 87.54 times in NIIs category.
The IPO was Subscribed 80.60x as of 05:00 PM, December 21, 2023
Day 3 status: Azad Engineering Limited IPO
Subscription Data (as of 05:00 PM, December 22, 2023)
QIB – *179.66x*
NII – *87.54x - {(NII 10L+) – 90.58x, (NII 2L-10L) – 81.48x}*,
Retail – *23.71x*
Employee - *14.69x*
Total – *80.60x*
Issue closed today, Friday, December 22, 2023_
Note :
1.The above data display includes demand for UPI & Non-UPI bids.
2.In case of UPI bids, only bids with status as RC100 – “Mandate Accepted by Investor and amount Blocked” are displayed.
3.The final demand display of UPI Bids shall be updated upto 7:00 PM on last day of IPO.
Cummulative Demand Schedule | ||||
AZAD ENGINEERING L Last updated on | ||||
Sr.No. | Category | No.of shares offered / reserved | No. of shares bid for | No. of times of total meant for the category |
1 | Qualified Institutional Buyers (QIBs) | 28,08,852 | 50,46,38,624 | 179.66 |
1(a) | Foreign Institutional Investors (FIIs) | - | 13,74,37,020 | - |
1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | - | 24,68,53,544 | - |
1(c) | Mutual Funds | - | 1,68,96,824 | - |
1(D) | Others | - | 10,34,51,236 | - |
2 | Non Institutional Investors(NIIS) | 21,70,108 | 19,01,20,000 | 87.61 |
2.1 | Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 14,46,738 | 13,10,46,888 | 90.58 |
2.1(a) | Corporates | - | 19,32,336 | - |
2.1(b) | Individuals (Other than RIIs) | - | 11,46,37,124 | - |
2.1(c) | Others | - | 1,44,77,428 | - |
2.2 | Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees) | 7,23,370 | 5,90,73,112 | 81.66 |
2.2(a) | Corporates | - | 1,78,304 | - |
2.2(b) | Individuals (Other than RIIs) | - | 5,20,84,508 | - |
2.2(c) | Others | - | 68,10,300 | - |
3 | Retail Individual Investors (RIIs) | 50,63,585 | 12,04,71,708 | 23.79 |
3(a) | Cut Off | - | 10,67,02,456 | - |
3(b) | Price Bids | - | 1,37,69,252 | - |
4 | Employee Reserved | 80,160 | 11,79,136 | 14.71 |
4(a) | Employee (Cut off) | - | 10,61,732 | - |
4(b) | Employee (Price) | - | 1,17,404 | - |
5 | Reservation PortionShareholder | - | - | - |
5(a) | RPS (Cut off) | - | - | - |
5(b) | RPS (Price) | - | - | - |
Total | 1,01,22,705 | 81,64,09,468 | 80.65 | |
TD