Sham Foam IPO Day 2 Live: Total subscription at 0.15x - Check analysts view and more
Sham Foam IPO Day 2 update reveals a total subscription of 0.15x. Retail investors have contributed 0.17x, while QIB and NII categories are at 0x. The issue price is fixed at ₹130.00000 with a minimum bid quantity of 2000. The issue size is between ₹260000 and ₹500000.
*this image is generated using AI for illustrative purposes only.
Sham Foam’s initial public offering is currently in its second day of subscription. As per the latest data, the issue has been subscribed to 0.15x overall. While the Retail category shows a modest interest with 0.17x subscription, the Qualified Institutional Buyers (QIB), Non-Institutional Buyers (NII), and Employee categories remain unsubscribed at 0x.
Subscription Status
The following table details the subscription status for Sham Foam IPO on Day 2:
| Category | Subscription Multiple |
|---|---|
| Qualified Institutional Buyers (QIB) | 0 x |
| Non-Institutional Buyers (bHNI) | 0.11 x |
| Non-Institutional Buyers (sHNI) | 0 x |
| Retail | 0.17 x |
| Employees | 0 x |
| Total Subscribed | 0.15 x |
About the Company
Sham Foam is the company behind this public issue. The IPO aims to raise capital within the specified issue size range. Investors are advised to review the DRHP for detailed business operations and risk factors associated with the company.
Key Dates & Offer Details
Investors looking to participate in the Sham Foam IPO should note the following key parameters:
- Floor Price: ₹130.00000
- Ceiling Price: ₹130.00000
- Min IPO Size: ₹260000
- Max IPO Size: ₹500000
- Min Bid Qty: 2000
The subscription window remains open for further applications until the close date. Investors can track real-time updates as the subscription progresses through the remaining days of the issue.
What specific factors are driving the complete lack of interest from QIBs and Employees in the Sham Foam IPO?
How might the current 0.15x subscription level impact the likelihood of the IPO being oversubscribed by the closing date?
Will Sham Foam consider revising its price band or issue size if subscription numbers do not improve in the remaining days?
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