Recode Studios IPO Subscription Details: Issue Subscribed 7.57 Times

Recode Studios' initial public offering garnered strong investor interest across multiple categories, with the issue recording an overall subscription of 7.57 times. The subscription data highlights robust demand from both non-institutional and retail investors, while institutional participation also remained healthy.

Subscription Breakdown by Investor Category

The non-institutional buyer segments led the subscription tally, with the big HNI (bHNI) category recording the highest subscription at 11.06 times. The small HNI (sHNI) segment followed with a subscription of 7.23 times, reflecting sustained interest from high-net-worth individuals across both sub-categories.

Retail investors also demonstrated strong appetite for the issue, subscribing 8.93 times their allotted portion. Qualified Institutional Buyers (QIBs) participated at 3.51 times, while the employee category recorded a subscription of 0 times.

The following table summarises the subscription figures across all investor categories:

Category: Subscription (x) Qualified Institutional Buyers (QIB): 3.51x Non-Institutional Buyers (bHNI): 11.06x Non-Institutional Buyers (sHNI): 7.23x Retail: 8.93x Employees: 0x Total Subscribed: 7.57x

Key Highlights

Overall subscription stood at 7.57 times

bHNI segment recorded the highest subscription at 11.06 times

Retail investors subscribed 8.93 times, indicating strong participation from individual investors

QIB category subscribed 3.51 times

Employee quota saw no subscription, recording 0 times

The overall subscription of 7.57 times across categories underscores the broad-based demand for the Recode Studios offering, with non-institutional and retail segments driving the majority of interest.

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