Monika Alcobev IPO Gets 1.4 Times Subscription Applications by Midday of Day 2

Mumbai, 17 July 2025: As of 12:34 PM IST on Day 2 of its public offering, the Monika Alcobev IPO has recorded a total subscription of 1.40 times. With one day remaining until the issue concludes, the subscription trends across different investor categories offer valuable insights into investor interest and market appetite.

Retail Participation Restrains Overall Subscription

Retail investors have subscribed at just 0.58 times, applying for approximately 10.82 lakh shares out of the 18.82 lakh shares allocated to them. The muted uptake by individual buyers is balancing the interest seen in other categories and suggests a wait-and-watch stance from retail participants as the listing nears.

Qualified Institutional Buyers Subscription at 1.09 Times

Qualified Institutional Buyers applied for 11.67 lakh shares against the reserved 10.75 lakh shares. This results in a subscription of 1.09 times. The bidding reflects participation from institutional entities on Day 2 of the offer. These applications are recorded as part of the mandatory institutional portion as per the regulatory framework for IPO allocations.

Non-Institutional Investors Bid 3.74 Times

Non-Institutional Investors applied for 86.36 lakh shares against the available 23.09 lakh shares, reaching 3.74 times subscription. Within this group, investors applying above ₹10 lakh subscribed at 6.09 times, while those applying below ₹10 lakh subscribed at 0.60 times. These figures represent the application data received under both investor segments in this category.

Anchor and Market Maker Portions Subscribed Fully

The anchor investor portion of 16.10 lakh shares was subscribed at 1x. The market maker portion of 4.18 lakh shares also reached 1x. Both portions were completed prior to the public offer date. These shares were allocated as per the IPO structure under the applicable SEBI regulations governing pre-issue investor allotments.

Bookbuilding and Allotment Timeline in Focus

The IPO comprises 57.91 lakh equity shares, including a fresh issue of 47.91 lakh shares (₹137.03 crore) and an offer-for-sale of 10 lakh shares (₹28.60 crore). The issue remains open until Friday, 18 July 2025, with allotment expected on Monday, 21 July, and listing scheduled for Wednesday, 23 July 2025 on BSE SME. The current subscription pace suggests the final numbers may finish slightly above 1.40x, contingent on retail uptake on the final day.

Next Steps: Final Subscription and Listing Readiness

As the IPO enters its final day, the focus will shift to retail investor engagement and any oversubscription that may emerge. With the anchor and institutional segments largely filled, retail demand will determine whether the issue crosses the 2x overall subscription mark. Allotment procedures begin 21 July, refunds start 22 July, and tentative listing on BSE SME is set for 23 July 2025.

IPO Snapshot at a Glance

• Issue Period: 16-18 July 2025
• Price Band: ₹271-₹286 per share
• Lot Size: 400 shares (₹1,14,400); minimum retail investment requires 2 lots
• Total Issue Size: 57.91 lakh shares (₹165.63 crore)
• Retail Allocation: 18.82 lakh shares; QIBs: 26.86 lakh; NII: 8.06 lakh; Anchor: 16.10 lakh; Market Maker: 4.18 lakh
• Allotment Date: 21 July 2025
• Listing Date: 23 July 2025

The evolving subscription figures offer a real-time barometer of investor sentiment-strong institutional participation is offset by cautious retail uptake. With one day left for bidding, all eyes are now on whether the IPO can gather additional momentum from individual buyers before the curtain falls.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations