Vishwas Agri Seeds IPO Subscribed 3.57 times

About Vishwas Agri Seeds SME IPO

Vishwas Agri Seeds IPO, a fixed price issue of Rs 25.80 crores, comprises entirely of 30 lakh fresh shares. Vishwas Agri Seeds IPO commenced subscription on March 21, 2024, and concludes today, March 26, 2024. Allotment for the Vishwas Agri Seeds IPO is expected to be finalized on Wednesday, March 27, 2024. Subsequently, it will list on NSE SME with a tentative listing date set for Monday, April 1, 2024.

The price of Vishwas Agri Seeds IPO is fixed at ₹86 per share. The minimum lot size for an application stands at 1600 Shares, requiring a minimum investment of ₹137,600 for retail investors. For HNI investors, the minimum lot size investment is 2 lots (3,200 shares), totaling ₹275,200.

Vishwas Agri Seeds IPO’s book running lead manager is Isk Advisors Pvt Ltd, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Vishwas Agri Seeds IPO is Sunflower Broking.

Read more about Vishwas Agri Seeds

Final Subscription Status of Vishwas Agri Seeds IPO

Here is final subscription status of Vishwas Agri Seeds IPO as at close on by March 26, 2024 5:00:00 PM.

The Omfurn India FPO witnessed varied subscription levels across investor categories. While retail investors showed robust demand, subscribing 6.33 times, institutional participation was subdued, with QIB subscription at 1.00 times. Non-Institutional Buyers exhibited healthy interest, subscribing 3.02 times. The total oversubscription of 3.57 times indicates overall investor interest.

However, the lack of subscription data for the Employees and Others categories leaves room for interpretation regarding their participation. Overall, the FPO garnered significant attention, especially from retail investors, signalling positive market sentiment towards Omfurn India.

Vishwas Agri Seeds Limited Allocation Quota for Various Categories

Data Source: NSE

How Subscription Built up for Vishwas Agri Seeds IPO?

As of 26 mar 24, 17:20

The subscription pattern of Omfurn India FPO shows a progressive increase over the three days of the subscription period.

• On Day 1, there was minimal interest from Qualified Institutional Buyers (QIBs), but Non-Institutional Investors (NIIs) and Retail investors showed some early interest, with subscription levels at 0.43 times and 0.76 times, respectively.
• On Day 2, QIB subscription rose to 1.00 times, indicating growing institutional interest. However, NII and Retail subscription saw a slight decrease, which could be attributed to profit booking or cautious investor sentiment.
• Day 3 witnessed a significant surge in overall subscription, with QIBs maintaining their subscription at 1.00 times, NIIs showing substantial interest at 3.02 times, and Retail investors demonstrating robust demand at 6.33 times.

This suggests a growing confidence among investors, particularly retail, in Omfurn India FPO. Overall, the increasing subscription trend reflects positive market sentiment towards the FPO.