Srinibas Pradhan Constructions Ltd
IPO Day 2 Subscription Status
Srinibas Pradhan Constructions Ltd IPO Day 2 Subscriptions details: check bidding details
Srinibas Pradhan Constructions Ltd IPO day 2 subscription details:
The initial public offering of Srinibas Pradhan Constructions Ltd ended the second day with investors bidding 0.08 the available shares on offer worth 20.32. The retail investor portion of the IPO was subscribed 0.14 times the available shares on offer. Retail investors have 46.99% of the total issue reserved for them.
At the end of bidding on day 2, the qualified institutional buyers' (QIB) portion of the IPO got bids for 0.0 times the available shares on offer. The QIB portion includes insurance companies, domestic mutual funds, foreign institutional buyers, and other institutional investors.
The non-institutional investors quota got bids for 0.03 times the available quota of shares. This segment includes HNI and ultra HNI investors.
Read More: Srinibas Pradhan Constructions Ltd IPO day 1 subscriptions details
Here's a snapshot of the subscription details:
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers (QIB) | 0.0 |
| Non-Institutional Investors (NII) | 0.03 |
| Retail Individual Investors (RII) | 0.14 |
| Total | 0.17 |
Srinibas Pradhan Constructions Ltd IPO details :
Srinibas Pradhan Constructions Ltd's IPO consists of an offer for sale of 3.53 shares and a fresh issue of ₹16.79. The IPO’s price band is ₹91 – ₹98 per share. The company’s shares will be listed on NSE - SME on 13 Mar 26.
Here are the key details of Srinibas Pradhan Constructions Ltd IPO
Offer for sale: 3.53 shares
Fresh issue: 16.79
Price Band: ₹91 – ₹98 per share
Bid open dates: 06 Mar 26
Allotment date: 11 Mar 26
Listing date: 13 Mar 26
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An Initial Public Offering (IPO) is the process through which a company goes public and sells its shares to investors via a stock exchange. IPOs are launched in the primary market, and investors can apply for the shares in the public offering between the opening and the closing dates of the IPO.