Share Samadhan IPO Subscription Status

Share Samadhan's initial public offering (IPO) has garnered moderate investor interest, with subscription rates climbing steadily over the three days. Starting modestly on day one, the IPO witnessed a gradual increase in demand, resulting in a 5.40 times oversubscription by the close of day three. This response underscores the market appetite for Share Samadhan's shares and sets the stage for its upcoming listing.

The IPO, which opened on 9th September 2024, has seen increasing investor participation in the Retail and Non-Institutional Investors (NII) categories. The Retail segment, in particular, has shown strong demand, while the NII category has also demonstrated growing interest. However, the Qualified Institutional Buyers (QIB) category has shown no participation throughout the three days.

This response to Share Samadhan's IPO comes amid the current sentiment in the Indian stock market, particularly towards companies in the financial services sector. The company's focus on investment retrieval services and wealth protection appears to have attracted attention from retail investors looking for exposure to India's growing financial services industry.

Subscription Status of Share Samadhan IPO for Days 1, 2, and 3:

On day 1, Share Samadhan IPO was subscribed 1.18 times. By the end of day 2, the subscription status had risen to 3.55 times; on day 3, it reached 5.40 times.

Here are the subscription details for Share Samadhan IPO as of Day 3 (11th September 2024 at 11:41:12 AM):

Total Applications: 9,262

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range. 
• ** The portion of anchor investors is not included in the total number of shares offered.
• *** Market Maker portion is not included to NII/HNI.

Key Highlights:

• The IPO of Share Samadhan is currently subscribed 5.40 times, with strong demand from Retail Individual Investors (RII).
• Retail investors have shown exceptional interest, with a subscription ratio of 8.99 times.
• Non-Institutional Investors (NII) have demonstrated solid enthusiasm, with a subscription ratio of 4.25 times.
• Qualified Institutional Buyers (QIB) have shown no interest, with a subscription ratio of 0.00 times.
• The overall subscription trend shows a steady increase day-on-day, indicating growing investor confidence towards the issue, particularly among retail investors.

Share Samadhan IPO - Day 2 Subscription at 3.55 Times

Key Highlights:

• On Day 2, Share Samadhan's IPO was subscribed 3.55 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 5.89 times, nearly tripling their subscription from the previous day.
• Non-Institutional Investors (NII) showed significantly increased interest with a subscription ratio of 2.84 times.
• Qualified Institutional Buyers (QIB) continued to show no interest with a subscription ratio of 0.00 times.
• The overall subscription trend indicated building momentum, with retail and NII categories showing increased participation.

Share Samadhan IPO - Day 1 Subscription at 1.18 Times

Key Highlights:

• The IPO of Share Samadhan was subscribed 1.18 times on Day 1, with initial demand primarily from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 2.01 times, indicating positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 0.81 times.
• Qualified Institutional Buyers (QIB) showed no initial interest with a subscription ratio of 0.00 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Share Samadhan Ltd:

Share Samadhan Limited, previously known as Tiger Island Hospitality Private Limited, was incorporated in 2011 and offers a wide range of services aimed at helping clients protect and recover their investments/money efficiently.

Key features of Share Samadhan:

• The main business lines include Investment Retrieval Services (Share Samadhan Limited), Wealth Protection (Wealth Samadhan Pvt Limited), and Litigation Funding Solutions (Nyaya Mitra Limited).
• Provides advisory services to unlock value and resolve investor issues related to various financial assets
• Assists in the recovery of unclaimed and unpaid dividends and interest
• Offers Wealth Samadhan Card, a comprehensive digital solution to protect and optimise investment data
• 48 employees as of 28th August 2024

Read about Share Samadhan IPO

Highlights of the Share Samadhan IPO:

• IPO Date: 9th September 2024 to 11th September 2024
• Listing Date: 16th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹70 to ₹74 per share
• Lot Size: 1600 Shares
• Total Issue Size: 3,251,200 shares (aggregating up to ₹24.06 Cr)
• Fresh Issue: 3,251,200 shares (aggregating up to ₹24.06 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE SME
• Book Running Lead Manager: Narnolia Financial Services Ltd
• Registrar: Skyline Financial Services Private Ltd
• Market Maker: Nikunj Stock Brokers