Horizon Reclaim IPO subscribed 74.68 times, retail leads
Horizon Reclaim's IPO was subscribed 74.68 times, driven by significant interest from non-institutional buyers and retail investors.
*this image is generated using AI for illustrative purposes only.
Horizon Reclaim's initial public offering (IPO) concluded with a total subscription of 74.68 times. The issue saw robust demand across investor categories, with non-institutional buyers and retail investors showing the strongest interest.
Subscription Breakdown
The Qualified Institutional Buyers (QIB) category recorded 0.08 times subscription. Meanwhile, the employee quota was subscribed 0 times.
Retail investors bid 89.65 times their reserved portion. The non-institutional buyers category was divided into sHNI and bHNI segments, with the latter subscribing 143.22 times and the former 131.02 times.
| Investor Category | Subscription Level |
|---|---|
| Qualified Institutional Buyers (QIB) | 0.08 x |
| Employees | 0 x |
| Retail | 89.65 x |
| Non-Institutional Buyers (bHNI) | 143.22 x |
| Non-Institutional Buyers (sHNI) | 131.02 x |
| Total Subscribed | 74.68 x |
How will the stark divergence between high retail demand and negligible institutional interest impact the stock's listing price and long-term stability?
What specific factors deterred Qualified Institutional Buyers from participating despite the overwhelming enthusiasm from non-institutional investors?
Is the extreme over-subscription by HNI investors likely to trigger significant volatility in the stock during the initial trading days?
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