Crazy Snacks' SME IPO, which opened on June 25 and closed on June 30, saw an overall subscription of about 1.20 times. The share allotment for the IPO is expected to be finalised on Wednesday, July 1, according to livemint.com. The IPO attracted significant interest, with the Qualified Institutional Buyer (QIB) segment oversubscribed nearly five times and the retail portion booked nearly 1.3 times.
The IPO subscription process concluded on June 30, after which the share allotment process began. Investors who applied for shares can check their allotment status online via the registrar's website or the official BSE website. The allotment finalisation on July 1 will determine the successful bidders who will receive shares in Crazy Snacks, as reported by livemint.com.
This IPO subscription performance reflects a moderate demand for Crazy Snacks' shares, with the QIB segment showing particularly strong interest. The SME IPO market often sees varied subscription levels, and Crazy Snacks' 1.20 times overall subscription indicates a balanced investor appetite. The retail segment's 1.3 times subscription suggests steady retail investor participation compared to other SME IPOs in recent times.
Following the allotment finalisation on July 1, the next step will be the listing of Crazy Snacks shares on the BSE SME platform. Investors will be able to track their share allotment status online immediately after the process is completed, as detailed by livemint.com.