INDO SMC's initial public offering has concluded its subscription period with an overall subscription rate of 2.22 times, reflecting moderate investor interest across different categories. The public issue witnessed varied participation levels, with retail investors demonstrating the strongest response among all investor segments.

Subscription Performance by Category

The retail investor category emerged as the primary driver of the IPO's subscription success, achieving significant oversubscription levels. Meanwhile, the institutional segments showed mixed participation rates during the offering period.

Retail Investor Response

Retail investors showed robust participation in the INDO SMC public offering, subscribing to 3.32 times their allocated portion. This strong retail response indicates significant interest from individual investors in the company's business prospects and growth potential.

Non-Institutional Investor Participation

The Non-Institutional Buyers category displayed varied subscription patterns across different segments. The bHNI (big High Net Worth Individuals) segment recorded a subscription rate of 2.95 times, while the sHNI (small High Net Worth Individuals) segment achieved 1.97 times subscription, both contributing positively to the overall subscription numbers.

Institutional and Employee Categories

Both the Qualified Institutional Buyers category and Employee category recorded zero subscription during the reported period. The absence of institutional investor participation and employee subscription represents segments that did not contribute to the overall subscription tally.

The 2.22x overall subscription rate for INDO SMC's IPO reflects the combined effect of strong retail and non-institutional investor interest, despite the lack of participation from institutional buyers and employees during the subscription period.

INDO SMC's initial public offering has concluded its subscription period with encouraging investor response across multiple categories. The issue received an overall subscription of 2.12 times, reflecting positive market sentiment toward the company's public debut.

Subscription Performance by Category

The retail investor segment led the subscription drive, demonstrating strong grassroots interest in the offering. Different investor categories showed varying levels of participation, with institutional and non-institutional buyers contributing to the overall subscription numbers.

Investor Response Analysis

Retail investors emerged as the most enthusiastic participants, subscribing to 3.13 times their allocated portion. This strong retail participation often indicates confidence among individual investors in the company's business prospects and growth potential.

The non-institutional buyer categories showed differentiated interest levels. Big HNIs (high net worth individuals) subscribed to 2.95 times their allocation, while small HNIs recorded 1.90 times subscription. This pattern suggests selective interest among affluent individual investors.

Notably, the Qualified Institutional Buyers (QIB) category and employee quota remained unsubscribed during this period. The absence of QIB participation may reflect institutional investors' cautious approach or specific evaluation criteria for this particular offering.

Market Reception

The overall subscription of 2.12 times indicates moderate to positive market reception for INDO SMC's public offering. The retail-driven subscription pattern demonstrates grassroots investor confidence, which often serves as a positive indicator for post-listing performance expectations among market participants.