Sihora Industries IPO Sees Moderate Demand, Subscribed 1.27x by Day 3

Sihora Industries Limited's initial public offering (IPO) recorded moderate investor participation through its third day of subscription. The stock price is set at ₹66 per share. The ₹10.56 crore IPO was subscribed 1.27 times by 5:04:45 PM on Day 3.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Sihora Industries IPO Individual Investors led with 1.37x subscription, followed by Non-Institutional Investors (NII) at 1.18x.

Subscription Status of Sihora Industries IPO

Day 3 Subscription Details

Key Highlights - Day 3:

• Overall subscription reached a moderate 1.27 times, showing substantial improvement from day two's 0.59 times
• Individual investors displaying moderate confidence at 1.37 times, building substantially from day two's 0.67 times
• Non-institutional investors showing moderate performance at 1.18 times, building substantially from day two's 0.51 times
• Total applications reached 301, indicating very weak investor participation for this SME IPO
• Cumulative bid amount reached ₹12.79 crores, significantly exceeding the issue size of ₹10.56 crores

Sihora Industries IPO - Day 2 Subscription at 0.59 Times

Key Highlights - Day 2:

• Overall subscription reaching a limited 0.59 times, showing substantial improvement from day one's 0.31 times
• Individual investors displaying limited confidence at 0.67 times, building substantially from day one's 0.25 times

Sihora Industries IPO - Day 1 Subscription at 0.31 Times

Key Highlights - Day 1:

• Overall subscription reached a limited 0.31 times, showing cautious initial investor interest
• Non-institutional investors showing limited performance at 0.37 times, indicating weak HNI appetite
• Individual investors displaying limited confidence at 0.25 times, showing weak retail sentiment

About Sihora Industries Limited

Incorporated in 2023, Sihora Industries Limited manufactures and sells narrow woven fabrics, lace, digitally printed fabrics, woven labels, tapes, zippers, elastics, and other textile products. The company's key products include lace, rapier looms, needle looms, zippers, and elastic. It has an integrated manufacturing facility in Surat, Gujarat, with end-to-end textile manufacturing processes including yarn processing, weaving, digital printing, embroidery, dyeing, and finishing, combining modern technology with traditional craftsmanship.