Supreme Infrastructure India (SIIL) IPO which has completed its subscription yesterday has been subscribed by 52.75 times. Supreme Infra IPO is offered at a price band of Rs 95 to 108 per share has received bids for 18.32 crore shares as against 34.75 lakh shares which are offered to the public.
Supreme Infrastructure Subscription Details are as follows
Qualified Institutional Buyers (QIB) Category – 52.10 times.
Non Institutional Investors Category – 65.42 times.
Retail Investors Category – 48.22 times.
Overall Subscription of Supreme Infrastructure IPO is – 52.75 times.
Supreme Infra IPO Subscription in retail category is too high compared to the other IPOs which have recently completed their offers. Based on the above Subscription details allotment in Supreme Infra IPO will be low as the retail investors category has been heavily subsribed and the total offer size of the IPO is too low. Supreme Infra IPO allotment would be done in lottery system.
Investors can expect very good listing of Supreme Infrastructure IPO as the QIB and NII Cateogries have been heavily subsribed and when we see the Grey Market Premium of Supreme Infra IPO, it is currently at Rs 75-80. So investors who will get the allotment will get very good gains in Supreme Infra IPO listing.
Keep checking this blog regularly for more information regarding the Supreme Infra Allotment and listing date.
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1 comment so far ↓
What are the allottment chances if someone applied for 300 shares of Supreme in the IPO in the retails category?
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