Complete Sports & Management India IPO Subscription Day 2: Issue Subscribed 0.28 Times

Mumbai, August 31: The Complete Sports & Management India IPO remained below full subscription on the second day of bidding, with the issue subscribed 0.28 times by August 31. The ₹74.93 crore IPO opened on August 28 and will close on September 1.

The NII category recorded the strongest response among the main investor segments, with its portion subscribed 0.39 times. The QIB category, excluding anchor investors, stood at 0.35 times, while the retail portion was subscribed 0.19 times.

The IPO comprises a fresh issue of 55.50 lakh shares. The price band is fixed at ₹128 to ₹135 per share, while the lot size is 1,000 shares.

A retail investor needs to apply for at least two lots, or 2,000 shares, requiring an investment of ₹2.70 lakh at the upper end of the price band. The IPO is scheduled to close on September 1.

Complete Sports & Management India IPO Details

Complete Sports & Management India is raising ₹74.93 crore through its SME IPO. The issue is entirely a fresh issue of 55,50,000 equity shares, with no offer-for-sale component.

The company has fixed the IPO price band at ₹128 to ₹135 per share. Each lot consists of 1,000 shares, making two lots, or 2,000 shares, the minimum application for individual investors.

At the upper price of ₹135 per share, the minimum retail investment comes to ₹2.70 lakh. For HNI investors, the minimum application is three lots, or 3,000 shares, requiring ₹4.05 lakh at the upper price.

The issue opened on August 28 and will close on September 1. As per the tentative schedule, allotment is expected on September 2, followed by refunds and share credit on September 3. The shares are scheduled to list on the BSE SME platform on September 4.

IPO Details Table

Complete Sports & Management India IPO Subscription Status

The Complete Sports & Management India IPO received bids for 10,29,000 shares against 36,91,000 shares offered in the public subscription figures by the end of Day 2. This took the overall subscription to 0.28 times.

The NII segment received bids for 3,11,000 shares against 7,92,000 shares available, resulting in a subscription of 0.39 times. Within this category, bNII investors subscribed 0.52 times, while sNII investors subscribed 0.14 times.

The QIB category, excluding anchor investors, received bids for 3,70,000 shares against 10,53,000 shares on offer. The segment was subscribed 0.35 times by the end of Day 2.

Retail investors placed bids for 3,48,000 shares against 18,46,000 shares reserved for the category. The retail portion was subscribed 0.19 times.

Subscription Status Table

Shares offered and total amount are calculated based on the upper price of the issue price range. The anchor and market maker portions are not included in the total public subscription figures.

Day-wise Subscription Details

The Complete Sports & Management India IPO opened with a muted response on August 28. The issue was subscribed 0.13 times on Day 1, with NII at 0.52 times, retail investors at 0.04 times and QIB, excluding anchor investors, yet to receive bids.

Demand improved across the main categories on the second day. By August 31, the overall subscription had increased to 0.28 times. QIB subscription moved to 0.35 times, while NII stood at 0.39 times.

Retail participation also picked up from 0.04 times on Day 1 to 0.19 times on Day 2. With the IPO set to close on September 1, the final day of bidding will determine the closing subscription figures.

Day-wise Subscription Table

About Complete Sports & Management India

Complete Sports & Management India is raising ₹74.93 crore through its SME IPO, with the entire issue consisting of fresh equity shares. The company is offering 55.50 lakh shares in the price band of ₹128 to ₹135 per share.

Smart Horizon Capital Advisors Pvt. Ltd. is the book running lead manager for the issue, while Bigshare Services Pvt. Ltd. is the registrar. Shreni Shares Ltd. is acting as the market maker.

The provided IPO details do not include further information about the company’s business operations. Therefore, no additional company-specific information has been added.

Conclusion

The Complete Sports & Management India IPO saw a gradual improvement in bidding on Day 2, but the issue remained undersubscribed at 0.28 times overall as of August 31. NII investors led the main categories at 0.39 times, followed by QIB at 0.35 times and retail investors at 0.19 times.

The IPO will remain open until September 1. Investors can continue to place bids until the issue closes, after which the final subscription figures will be available. The tentative allotment is scheduled for September 2, share credit and refunds are expected on September 3, and the shares are scheduled to list on the BSE SME platform on September 4.

Source:

• https://www.chittorgarh.com/ipo/complete-sports-and-management-ipo/3182/