Swashthik Plascon IPO Subscription Status: Oversubscribed 4.72 Times Best IPO in 2023

Swashthik Plascon IPO Subscription Status:

November 29, 2023, the Swashthik Plascon Initial Public Offering (IPO) came to an end, with an enormous reaction from investors in every category. An astounding 4.72 times subscription status was recorded altogether, demonstrating high investor confidence in the company’s future.

Subscription Details

• Retail investors: 5.68 times
• Qualified institutional buyers (QIBs): 0.52 times
• Non-institutional investors (NIIs): 8.09 times

Overwhelming Response on Final Day

The IPO was highly enthusiastically subscribed to 5.68 times by the retail investor group, which makes up a large share of the IPO. The positive reaction exhibited by individual investors highlights the company’s attractiveness to a wider range of investors.

With 8.09 subscriptions, the non-institutional investor (NII) group showed a high level of interest as well. Since NIIs, which include corporations, trusts, and institutions, are frequently seen as more astute investors, the company’s fundamentals are further validated by their involvement in the IPO.

The qualified institutional buyers (QIB) category, on the other hand, subscribed to the offering just 0.52 times, indicating a rather modest response.

Large institutional investors like mutual funds and foreign institutional investors make up QIBs; they are generally more circumspect and may have taken a more conservative stance because of industry- or market-specific worries.

Allotment and Listing

The finalisation of the share allocation is scheduled for December 4, 2023. On December 6, 2023, the shares will be credited to demat accounts. On December 5, 2023, the shares are anticipated to be listed on the BSE and NSE.

Analysts’ View

Analysts see Swashthik Plascon’s future favourably. They think the business is in a good position to gain from the expansion of the construction sector. The business has a solid track record of financial success and a sound balance sheet.

Conclusion

The robust demand for the Swashthik Plascon initial public offering (IPO) is encouraging for the business. Analysts are optimistic about the company’s prospects and the stock.

In the upcoming quarters, investors should closely monitor the company’s performance.