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.

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.