Narmadesh Brass Industries Limited's initial public offering has recorded an overall subscription of 1.19 times, showcasing varied investor interest across different categories. The subscription figures reveal a mixed response from the market, with certain investor segments demonstrating stronger participation than others.

Subscription Performance Across Categories

The IPO subscription data presents a diverse picture of investor participation across various segments:

Investor Segment Analysis

The bHNI category emerged as the primary driver of subscription activity, achieving 1.56 times subscription, indicating strong interest from big high net worth individuals. This segment's performance contributed significantly to the overall subscription numbers.

In contrast, retail investors showed limited enthusiasm with only 0.23 times subscription, suggesting cautious participation from individual investors. The QIB, employee, and sHNI segments recorded zero subscription during the reported period.

Market Response Overview

The overall subscription rate of 1.19 times reflects a moderate market response to Narmadesh Brass Industries Limited's public offering. The concentration of demand primarily in the bHNI segment highlights the selective nature of investor interest, with institutional and retail participation remaining subdued.

The subscription pattern indicates that while the IPO has crossed the 1x subscription mark, the distribution of interest remains uneven across different investor categories, with big HNIs showing the most confidence in the company's prospects.

Narmadesh Brass Industries Limited's initial public offering has garnered mixed response from investors, achieving an overall subscription rate of 1.19 times. The subscription data reveals varying levels of interest across different investor categories, with some segments showing strong participation while others remain completely unsubscribed.

Category-wise Subscription Performance

The IPO subscription details demonstrate distinct patterns across investor segments. The following table presents the comprehensive breakdown of subscription rates:

Investor Response Analysis

The retail investor segment recorded a subscription rate of 0.22 times, indicating limited participation from individual investors. In contrast, the big high net worth individuals (bHNI) category within non-institutional buyers demonstrated stronger interest, achieving 1.56 times subscription and emerging as the primary driver of overall subscription numbers.

Institutional and Employee Participation

Notably, several key investor categories showed no participation during the reported period. Qualified institutional buyers, typically comprising mutual funds, insurance companies, and foreign institutional investors, recorded zero subscription. Similarly, the employee category and small high net worth individuals (sHNI) segment within non-institutional buyers also remained unsubscribed.

The overall subscription rate of 1.19 times reflects the combined effect of strong bHNI participation offsetting the lack of interest from institutional investors and limited retail participation. The subscription pattern indicates selective investor interest in the company's public offering.