Annapurna Swadisht Ltd IPO garners 56.13 times subscription as of 1 PM

The Initial Public Offering of Annapurna Swadisht Limited at NSE - EMERGE SME stocks is creating ripples with huge over subscription from all categories of investors. The company has come out with Initial Public offer of 43,22,000 Equity Shares (including Market Maker portion of 2,16,000 Equity Shares).

The issue opened for subscription on September 15, 2022 and closes for subscription today i.e., September 19, 2022.

The 100% book building issue is at a price band of Rs.68 to Rs.70.

Corporate Capital Venture Private Limited is the Book Running Lead Manager to the issue and Skyline Financial Services Private Limited is registrar.

The issue has garnered overall subscription of 56.13 times as of 1:00 PM today. The IPO has received total bids for 24,25,80,000 equity shares against the total issue size of 43,22,000 shares. The issue has received total bids for 8,99,48,000 equity shares at cut-off price.

The Qualified Institutional Buyers(QIBs) portion has received bids for 29,28,000 equity shares, Non-Institutional Investors have subscribed for 5,60,42,000 equity shares and Retail Individual Investors(RIIs) for 18,36,10,000 equity shares.

The IPO closes in another few hours and the final subscription figures could be much higher.

Source : Equity Bulls

Keywords

AnnapurnaSwadisht NSEEmerge IPO SME FMCG HugeDemand Oversubscription Retail HNI QIB FII