Moving Media Entertainment IPO Subscribed 0.74 Times on Day 1; Retail Leads with 1,169 Bids
By Shishta Dutta | Published at: Jun 26, 2025 06:04 PM IST
Mumbai, Jun 26 (IST) — Moving Media Entertainment Ltd’s SME IPO, comprising a net offer of 47.9 lakh equity shares, received a modest response on Day 1 with total bids at 35.28 lakh shares, translating to a subscription of 0.74 times, according to NSE data as of 5:00 p.m.
IPO Subscription Summary (Day 1 | June 26, 2025)
| Category | Applications | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutional Buyers (QIBs) | 1 | 8,56,000 | 0.18 |
| Non-Institutional Investors (NIIs) | 53 | 3,34,000 | 0.23 |
| Retail Individual Investors (RIIs) | 1,169 | 23,38,000 | 0.65 |
| Total | 1,223 | 35,28,000 | 0.74 |
Note: Final category-wise allocation will depend on confirmation from the exchange, post issue closure.
Cut-Off and Price-Wise Demand
| Price (₹) | Shares Bid (Lakhs) |
|---|---|
| 66 | 35.28 |
| 68 | 35.22 |
| 70 | 35.18 |
| Cut-Off | 18.08 |
Out of total applications, 904 bids were placed at the cut-off price, aggregating to 18.08 lakh shares, indicating strong interest from retail investors.
IPO Overview
- Issue Size (Net): 47,90,000 equity shares
- Price Band: ₹66 to ₹70 per share
- Minimum Lot Size: 2,000 shares
- Issue Closes: June 30, 2025
- Listing: NSE Emerge
Outlook
Retail participation led the demand on Day 1, while QIB and HNI categories are expected to gain momentum closer to closing. The IPO remains open for subscription till June 30, 2025.
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