Striders Impex IPO Subscribed 0.81x On Day 2; QIB Portion Booked 2.03x 

Striders Impex Limited’s ₹36 crore SME initial public offering was subscribed 0.81 times as of 3:25 PM IST on February 27, 2026, the second day of bidding. The company received bids for 27,20,000 shares against 33,53,600 shares available for subscription, excluding the anchor and market maker allocations.

Demand was largely led by institutional investors, while participation from retail and non-institutional investors remained measured at this stage of the offer.

QIB Segment Fully Subscribed; Retail And NII Trail

The qualified institutional buyers (QIB), excluding anchor investors, subscribed their portion 2.03 times. The category attracted bids for 19,45,600 shares against 9,56,800 shares reserved.

In comparison, the retail individual investor segment was subscribed 0.40 times, with bids for 6,62,400 shares against an allocation of 16,76,800 shares. The non-institutional investor (NII) category saw subscription of 0.16 times, receiving bids for 1,12,000 shares compared with 7,20,000 shares set aside.

Within the NII segment, applications above ₹10 lakh (bNII) were subscribed 0.12 times, while those below ₹10 lakh (sNII) were subscribed 0.23 times.

The anchor investor portion of 14,33,600 shares had been fully subscribed ahead of the issue opening. The market maker allocation of 2,52,800 shares was also fully taken up.

IPO Structure And Key Details

The book-built issue aggregates to ₹36.29 crore and comprises a fresh issue of 42,78,400 shares aggregating up to ₹31 crore, along with an offer for sale of 5,08,800 shares aggregating up to ₹4 crore.

The price band has been fixed at ₹71 to ₹72 per share. Investors can bid in lots of 1,600 shares. At the upper end of the price band, a retail investor is required to apply for a minimum of two lots, or 3,200 shares, translating into an investment of ₹2,30,400. For s-HNIs, the minimum application size is three lots (4,800 shares), amounting to ₹3,45,600.

The IPO opened for subscription on February 26, 2026, and is scheduled to close on March 2, 2026. The basis of allotment is expected to be finalised on March 4, 2026. Shares are tentatively set to list on the NSE SME platform on March 6, 2026.

Issue Allocation and Shareholding

Of the total 50,40,000 shares offered, 23,90,400 shares (47.43%) are allocated to QIBs, 7,20,000 shares (14.29%) to NIIs, and 16,76,800 shares (33.27%) to retail investors. Anchor investors were allotted 14,33,600 shares, accounting for 28.44% of the issue.

Following the completion of the IPO, the company’s issued share capital is expected to increase to 1,86,16,880 shares from 1,40,85,680 shares prior to the issue.

Capital Square Advisors Pvt. Ltd. is acting as the book running lead manager to the issue, while MUFG Intime India Pvt. Ltd. is the registrar. Nikunj Stock Brokers Ltd. has been appointed as the market maker.

Subscription levels over the remaining days of bidding will indicate the extent of broader investor participation before the issue closes.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=STRIDERS&series=SME&type=Active