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Stock Market Strategy: Investment in The Securities Market Is Subject To Market Risks

The Shreeji Shipping IPO has seen strong subscription, receiving 4.62 times bids on its second day of sale, with a total of 5.27 crore shares bid against 1.14 crore shares available. Non-Institutional Investors subscribed 7.07 times, while Retail Individual Investors and Qualified Institutional Buyers subscribed 4.86 times and 2.37 times, respectively. The IPO, priced between Rs 240-252 per share, will remain open for subscription until August 21.

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26 views1 page

Stock Market Strategy: Investment in The Securities Market Is Subject To Market Risks

The Shreeji Shipping IPO has seen strong subscription, receiving 4.62 times bids on its second day of sale, with a total of 5.27 crore shares bid against 1.14 crore shares available. Non-Institutional Investors subscribed 7.07 times, while Retail Individual Investors and Qualified Institutional Buyers subscribed 4.86 times and 2.37 times, respectively. The IPO, priced between Rs 240-252 per share, will remain open for subscription until August 21.

Uploaded by

janhvimehta37
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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After being fully subscribed on the first day of share sale, the Shreeji Shipping IPO

continues to see strong subscription in the primary market on the second day of share
sale on August 20.

The initial public offer of Shreeji Shipping Global Ltd, a provider of shipping and logistics
solutions for dry bulk cargo, received 4.62 times subscription on the second day of
share sale on Wednesday. The Rs 411-crore initial share sale got bids for 5.27 crore
shares against 1.14 crore shares on offer, as per NSE data till 1:30 p.m.

Non-Institutional Investors part received 7.07 times subscription, while the category for
Retail Individual Investors (RIIs) fetched 4.86 times subscription. The quota for Qualified
Institutional Buyers (QIBs) got subscribed 2.37 times. Earlier, it mobilised more than Rs
123 crore from anchor investors.

The initial public offering (IPO), with a price band of Rs 240-252 per share, would be
available for subscription till August 21.

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Investment in the securities market is subject to market risks.

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