AIK Pipes and Polymers IPO Subscription Status: IPO got subscribed by 41.43 times. IPO got subscription for 699.40 lakhs shares against issue of 16.88 lakhs shares which is 41.43 times of the shares offered.
AIK Pipes and Polymers IPO Subscription Status
| Investor Type | Shares offered | Shares Subscribed | Shares Subscribed(x) |
| Market Maker | 84,800 | 84,800 | 1 |
| Qualified Institutional Buyers & Non- Institutional Buyers | 8,01,600 | 4,50,59,200 | 56.21 |
| Retailers | 8,01,600 | 2,47,96,800 | 30.93 |
| Employee | |||
| Total | 16,88,000 | 6,99,40,800 | 41.43 |
AIK Pipes and Polymers IPO is going to list on stock exchange on Monday, January 2, 2024. It will list on the BSE and SME stock exchange.
AIK Pipes and Polymers IPO opens for subscription on December 26, 2023 and closes on December 28, 2023. IPO Price of per share is ₹89. The total issue is of Rs.15.02 crores which will be raised through fresh issue of shares.
AIK Pipes and Polymers IPO lot size for an application is of 1,600 shares per lot which comes to Rs. 1,42,400. Retail Investor can apply only 1 lot of shares and HNIs have to apply minimum of 2 lots. which comes to Rs. 2,84,800.