Sonaselection India IPO Subscription Update: Issue Subscribed 0.91 on Day 2
On the second day, Sonaselection India Limited received bids for 13,13,250 shares against 28,60,000 shares available for subscription, according to NSE data. The retail investor category was subscribed 1.29 times, while the Non-Institutional Investor (NII) category and Qualified Institutional Buyer (QIB) portion had received 0.60 times and 0.46 times bids, respectively, at the time of the update. Investors can also visit our IPO page to track subscription updates and other upcoming public issues.
| SR. NO. | CATEGORY | NO OF TIMES OF TOTAL MEANT FOR THE CATEGORY |
|---|---|---|
| 1. | Qualified Institutional Buyers (QIBs) | 0.46 |
| 2. | Non-Institutional Investors | 0.60 |
| 3. | Retail Individual Investors (RIIs) | 1.29 |
| Total | 0.61 |
Sonaselection India Overview & Purpose
Sonaselection India is offering a Rs 141.57 crore IPO, comprising a fresh issue of Rs 141.57 crore. The issue is priced in the range of Rs 94 to Rs 99 per share, with a minimum lot size of 150 shares.
The Company plans to utilise the fresh issue proceeds towards repayment or prepayment of certain borrowings, funding capital expenditure for the purchase of plant and machinery, and general corporate purposes.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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