Retail Investors Liked Sita Shree Food Products IPO More Than Gammon Infra IPO
Gammon Infrastructure Projects Limited (GIPL) IPO had a final over subscription number of 3.48 times. Sita Shree Food IPO closed yesterday got oversubscribed by 2.44 times. Both these IPOs would need to go for lottery system to allot shares to investors.
In Sita Shree Food Products IPO, QIBs were not interested much but most of the subscription came from Retail investors surprisingly.
Here are the details:
Qualified Institutional Buyers (QIBs) 1.0200
Non Institutional Investors 3.2454
Retail Individual Investors (RIIs) 4.1253
Even applying for 4 lots in this IPO, may not guarantee you allotment of shares.
Where as, Gammon Infra IPO got better response from QIBs [5.16 times subscription]. Retail investors showed thumbs down to this IPO though and it merely could reach 1.08 times of subscription. We had given these details before as well, here we are comparing both IPOs.
Here are the details:
Qualified Institutional Buyers (QIBs) : 5.1680 times.
Non Institutional category : 3.7846 times
Retail Individual Investors (RIIs) : 1.0856 times
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[...] IPO of 1.16 crore equity shares of Rs 10 each. The issue was subscribed 2.44 times. It had received better response than Gammon Infra IPO that was opened in the same time period. Reserved portion of retail investors [...]