Issue Subscribed 21% On Day 1

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SUMMARY

The qualified institutional buyers (QIBs) portion saw the highest subscription at 44%, with these investors bidding for 4.94 Lakh shares against 11.16 Lakh shares on offer

These investors bid for 1.56 Lakh shares compared to 19.53 Lakh shares reserved for them, translating to a mere 8% subscription

Non-institutional investors’ (NIIs) bid for 1.77 Lakh shares as against 8.38 Lakh shares reserved for them, resulting in a 21% subscription

The BSE SME IPO of meat delivery company Zappfresh (DSM Foods) received a…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Issue Subscribed 21% On Day 1


SUMMARY

The qualified institutional buyers (QIBs) portion saw the highest subscription at 44%, with these investors bidding for 4.94 Lakh shares against 11.16 Lakh shares on offer

These investors bid for 1.56 Lakh shares compared to 19.53 Lakh shares reserved for them, translating to a mere 8% subscription

Non-institutional investors’ (NIIs) bid for 1.77 Lakh shares as against 8.38 Lakh shares reserved for them, resulting in a 21% subscription

The BSE SME IPO of meat delivery company Zappfresh (DSM Foods) received a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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