Naman In-Store (India) IPO Subscribed 308.96 times

Tanushree Jaiswal 27th March 2024 - 08:32 pm

Naman In-Store (India) IPO is book built issue of Rs 25.35 crores. It consists entirely of fresh issue of 28.48 lakh shares. Naman In-Store (India) IPO opens for subscription on March 22, 2024, & closes on March 27, 2024. allotment is expected to be finalized on March 28, 2024. Naman In-Store (India) IPO will list on NSE SME with tentative listing date set for April 2, 2024. Price band for Naman In-Store (India) IPO is set at ₹84 to ₹89 per share. Minimum lot size for application is 1600 shares. Minimum investment required by retail investors is ₹142,400. For HNI, minimum lot size is 2 lots (3,200 shares) amounting to ₹284,800. Naman In-Store ‘s book running lead manager is GYR Capital Advisors Private Limited, while Bigshare Services Pvt Ltd is registrar for issue. Market maker for Naman In-Store (India) IPO is Giriraj Stock Broking.

Final Subscription Status of Naman In-Store (India) IPO

Here is final subscription status of Naman In-Store IPO as at close on by March 27, 2024 5:15:00 PM.

Investor Category	Subscription (times)	Shares Offered	Shares bid for	Total Amount (Rs Cr.)
Anchor Investors	1	8,11,200	8,11,200	7.22
Market Maker	1	1,42,400	1,42,400	1.27
Qualified Institutions	109.75	5,40,800	5,93,55,200	528.26
Non-Institutional Buyers	528.12	4,06,400	21,46,27,200	1,910.18
Retail Investors	328.67	9,47,200	31,13,18,400	2,770.73
Total	308.96	18,94,400	58,53,00,800	5,209.18
Total Application : 194,574

Final subscription status of Naman In-Store (India) IPO reveals overwhelming investor interest, with total bid-to-offer ratio reaching 308.96 times. Here's breakdown of subscription across different investor categories:

1. Anchor Investors: Anchor investors subscribed 1 time, indicating stable interest from this category.

2. Market Maker: Similar to anchor investors, market makers also subscribed 1 time, demonstrating moderate interest level.

3. Qualified Institutions: This category showed remarkable enthusiasm, subscribing at staggering 109.75 times. Qualified institutions bid for shares significantly higher than offered quantity, indicating strong confidence in IPO.

4. Non-Institutional Buyers: Non-institutional buyers exhibited immense interest, with subscription of 528.12 times. This category, comprising high net-worth individuals & corporate investors, bid for shares substantially higher than available quantity, showcasing robust demand.

5. Retail Investors: Retail investors also displayed significant interest, subscribing 328.67 times. This high subscription rate suggests strong retail participation & confidence in IPO.

Overall, IPO received total of 194,574 applications, reflecting widespread interest among investors. Substantial oversubscription across all investor categories indicates positive market sentiment & underscores attractiveness of Naman In-Store IPO. Investors showed confidence in company's prospects, leading to overwhelming response during subscription period.

Naman In-Store (India) Limited Allocation Quota for Various Categories

Investor Category	Shares Allocated in IPO
Market Maker Shares	142,400 shares (5.00% of total issue size)
Anchor Allocation Portion	811,200 shares (28.48% of total issue size)
QIB Shares Offered	540,800 shares (18.99% of total issue size)
NII (HNI) Shares Offered	406,400 shares (14.27% of total issue size)
Retail Shares Offered	947,200 shares (33.26% of total issue size)
Total Shares Offered	2,848,000 shares (100.00% of total issue size)

Data Source: NSE

How Subscription Built up for IPO of Naman In-Store (India) Limited

Date	QIB	NII	Retail	Total
Day 1 Mar 22, 2024	4.79	14.25	23.80	16.32
Day 2 Mar 26, 2024	8.86	73.17	106.08	71.27
Day 3 Mar 27, 2024	109.75	528.12	328.67	308.96

Key takeaways:

Day 1 of Naman In-Store (India) Limited IPO witnessed moderate level of subscription across all investor categories. Qualified Institutions showed promising start with subscription of 4.79 times, followed by Non-Institutional Buyers at 14.25 times & Retail Investors at 23.80 times. This initial enthusiasm indicated positive response from market.

On Day 2, subscription soared significantly, reflecting growing investor interest. Qualified Institutions witnessed remarkable surge to 8.86 times, while Non-Institutional Buyers & Retail Investors showed substantial subscriptions of 73.17 times & 106.08 times, respectively. Escalating demand suggested increasing confidence among investors.

Day 3 marked unprecedented surge in subscription levels, indicating overwhelming investor participation. Qualified Institutions recorded outstanding subscription of 109.75 times, while Non-Institutional Buyers & Retail Investors witnessed remarkable figures of 528.12 times & 328.67 times, respectively.

Robust subscription across all categories reflected strong investor confidence & high anticipation for IPO.

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Tanushree Jaiswal

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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