Narmadesh Brass Industries' initial public offering has recorded a total subscription of 1.13 times, reflecting moderate investor participation across different categories. The subscription data reveals a mixed response from various investor segments, with certain categories showing stronger interest than others.

Subscription Performance by Category

The IPO subscription pattern demonstrates varied investor appetite across different segments:

Category-wise Analysis

The non-institutional buyers in the bHNI category emerged as the primary drivers of subscription activity, achieving 1.52 times subscription. This segment's oversubscription indicates relatively stronger interest from this particular investor group.

Retail investors demonstrated limited participation with subscription levels reaching only 0.16 times. This subdued retail response suggests cautious sentiment among individual investors toward the offering.

Several categories recorded zero subscription activity, including qualified institutional buyers, employees, and non-institutional buyers in the sHNI segment. The absence of QIB participation is particularly notable, as institutional investors typically play a significant role in IPO subscription patterns.

Overall Market Response

The 1.13 times total subscription indicates that Narmadesh Brass Industries' IPO has crossed the full subscription mark, though the response remains moderate. The subscription pattern highlights the concentrated interest from specific investor segments while revealing limited broader market appeal during the reported subscription period.

Narmadesh Brass Industries' initial public offering has recorded a total subscription of 1.07 times, reflecting moderate investor participation across various categories. The subscription data reveals a mixed response from different investor segments, with notable variations in participation levels.

Subscription Performance by Category

The IPO subscription details show distinct patterns across investor categories:

Category-wise Analysis

The non-institutional buyers in the bHNI category demonstrated the strongest interest, achieving 1.5 times oversubscription. This segment's performance contributed significantly to the overall subscription numbers. In contrast, retail investors showed limited participation with only 0.07 times subscription, indicating subdued interest from individual investors.

Institutional and Employee Response

Notably, qualified institutional buyers, employees, and non-institutional buyers in the sHNI segment recorded zero subscription during the reported period. The absence of institutional investor participation and employee subscription suggests varying levels of confidence across different investor categories.

The overall subscription of 1.07 times indicates that the IPO has crossed the minimum threshold for subscription, though the response remains modest compared to heavily oversubscribed offerings in the current market environment.