Zappfresh IPO Subscribed 94% On Day 5; Retail Interest Remains Weak

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SUMMARY

Qualified institutional buyers (QIBs) showed the strongest appetite for the company’s public offering, oversubscribing their quota 1.45X

Meanwhile, non-institutional investors (NIIs) also oversubscribed their quota 1.25X, bidding for 10.50 Lakh shares against the 8.39 Lakh shares earmarked for them

Retail investors bid for only 9.96 Lakh shares against the 19.54 Lakh shares reserved for them, leading to a 51% subscription

After extending its IPO on September 30, Zappfresh’s public offering is yet to sail through…



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Zappfresh IPO Subscribed 94% On Day 5; Retail Interest Remains Weak


SUMMARY

Qualified institutional buyers (QIBs) showed the strongest appetite for the company’s public offering, oversubscribing their quota 1.45X

Meanwhile, non-institutional investors (NIIs) also oversubscribed their quota 1.25X, bidding for 10.50 Lakh shares against the 8.39 Lakh shares earmarked for them

Retail investors bid for only 9.96 Lakh shares against the 19.54 Lakh shares reserved for them, leading to a 51% subscription

After extending its IPO on September 30, Zappfresh’s public offering is yet to sail through…



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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