Annapurna Swadisht Ltd IPO - Retail subscribed 225.53 times, NIIs place bids for 301.13 times

The Initial Public Offering of Annapurna Swadisht Limited at NSE - EMERGE SME has received huge over subscription with overwhelming response from all categories of investors. The issue has garnered overall subscription of 126.76 times till 5:44 PM today i.e., Sep 19, 2022.

The IPO has received total bids for 54,78,56,000 equity shares against the total issue size of 43,22,000 shares. The issue has received total bids for 16,75,22,000 equity shares at cut-off price.

The Qualified Institutional Buyers(QIBs) portion has received bids for 3,75,90,000 equity shares as against the offer of 8,20,000 equity shares resulting in 45.84 times subscription. Under the QIBs category, Foreign Institutional Investors(FIIs) have bid for 1,51,98,000 equity shares, Domestic Financial Institutions(Banks / Financial Institutions(FIs) / Insurance Companies) have subscribed for 28,50,000 equity shares and others for 1,95,42,000 equity shares. The issue hasn't received any bids from Mutual Funds.

The Non-Institutional Investors have subscribed for 18,54,98,000 equity shares as compared to the offer of 6,16,000 equity shares aggregating to 301.13 times subscription. Under this category, Corporates have placed bids for 1,33,12,000 equity shares, Individuals(Other than RIIs) have subscribed for 15,14,98,000 equity shares and others for 2,06,88,000 equity shares.

The Retail Individual Investors(RIIs) category has received bids for 32,47,68,000 equity shares as against the offer of 14,40,000 equity shares resulting in subscription of 225.53 times. RIIs have placed bids for 16,75,22,000 equity shares at cut-off price and for 15,72,46,000 equity shares through price bids.

The company had 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 closed for subscription today i.e., September 19, 2022.

The 100% book building issue was 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.

Source : Equity Bulls

Keywords

AnnapurnaSwadisht FMCG IPO NSEEmerge SME OverSubscription Retail QIB FII NII