Kasturi Metal Composite IPO Achieves 1.05x Overall Subscription
Kasturi Metal Composite's IPO achieved 1.05x overall subscription with QIB category leading at 3x subscription. Retail segment recorded 0.23x while Non-Institutional Buyers showed mixed response with bHNI at 0.53x and sHNI at 0.05x. Employee category registered no subscription during the offering period.
*this image is generated using AI for illustrative purposes only.
Kasturi Metal Composite's initial public offering has concluded with an overall subscription of 1.05x, reflecting moderate investor participation across various categories. The subscription data reveals a mixed response from different investor segments, with institutional buyers showing stronger interest compared to retail and high net worth individual categories.
Subscription Performance by Category
The IPO witnessed varied participation levels across investor segments:
| Category: | Subscription Level |
|---|---|
| Qualified Institutional Buyers (QIB): | 3x |
| Non-Institutional Buyers (bHNI): | 0.53x |
| Retail: | 0.23x |
| Non-Institutional Buyers (sHNI): | 0.05x |
| Employees: | 0x |
| Total Subscribed: | 1.05x |
Investor Response Analysis
The Qualified Institutional Buyers category emerged as the strongest performer, achieving 3x subscription, indicating confidence from institutional investors. However, the retail segment managed only 0.23x subscription, suggesting limited participation from individual investors.
The Non-Institutional Buyers segment showed contrasting results, with bHNI category reaching 0.53x subscription while sHNI category recorded significantly lower participation at 0.05x. The employee category did not register any subscription during the offering period.
Overall Market Reception
With a total subscription of 1.05x, Kasturi Metal Composite's IPO managed to cross the subscription threshold, though the response remained modest. The institutional interest, as demonstrated by the QIB category's strong performance, provided the primary support for the overall subscription achievement.
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