BharatRohan Airborne Innovations IPO Sees Strong Demand, Subscribed 10.07x by Day 3

BharatRohan Airborne Innovations Limited's initial public offering (IPO) has demonstrated strong investor interest through its final day of subscription, with BharatRohan Airborne Innovations' stock price set at ₹80-85 per share reflecting positive market reception. The ₹45.04 crore IPO reached 10.07 times by 5:04:39 PM on day three.

BharatRohan Airborne Innovations IPO non-institutional investors segment leads with strong 16.00 times subscription, whilst individual investors show strong 8.50 times and qualified institutional buyers demonstrate strong participation at 8.33 times, whilst anchor investors show complete participation at 1.00 times and market makers show complete participation at 1.00 times.

IPO Subscription Status

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Subscription Details (as of Day 3)

Key Highlights - Day 3

• Overall subscription reached strong 10.07 times, showing remarkable surge from day two's 1.77 times with impressive final-day momentum across all categories
• Non-institutional investors displaying strong enthusiasm at 16.00 times, building dramatically from day two's 1.77 times with bNII segment leading at 18.40 times
• Individual investors demonstrating strong confidence at 8.50 times, building substantially from day two's 1.31 times showing robust retail appetite for agritech
• Qualified institutional buyers (ex-anchor) showing strong performance at 8.33 times, building significantly from day two's 2.62 times indicating growing institutional interest
• Total applications reached 5,947, indicating substantial investor participation for this SME IPO
• Cumulative bid amount reached ₹304.44 crores, representing 676% of the issue size of ₹45.04 crores

Key Highlights - Day 2:

• Overall subscription reached limited 1.77 times, showing improvement from day one's 1.07 times
• Qualified institutional buyers showing moderate performance at 2.62 times, remaining steady from day one's 2.62 times
• Non-institutional investors showing limited performance at 1.77 times, building from day one's 0.95 times
• Individual investors displaying limited confidence at 1.31 times, building from day one's 0.27 times

Key Highlights - Day 1:

• Overall subscription reached moderate 1.07 times, showing positive initial investor interest in this SME agritech IPO
• Qualified institutional buyers showing moderate performance at 2.62 times, indicating early institutional confidence
• Non-institutional investors displaying limited confidence at 0.95 times, showing measured HNI sentiment
• Individual investors showing minimal confidence at 0.27 times, indicating weak initial retail interest

About BharatRohan Airborne Innovations Ltd.

Incorporated in 2016, BharatRohan Airborne Innovations Limited is an agritech solutions provider focusing on drone/UAV platforms and Hyperspectral Imaging technology. The company offers comprehensive agricultural solutions including crop monitoring services and sale of agri-inputs through Decision Support System, serving farmers with integrated crop management practices and sustainable farming solutions.