Jivial Industries is expected to finalize its initial public offering allotments on Monday, June 29, following a subscription period that closed on Friday.
The SME IPO, which opened for bidding on June 23, attracted a total subscription of 0.93 times by the final day, indicating tepid demand from investors.
The issue was priced at ₹196 per share, with a total size of ₹31.99 crore.
This comprises a fresh issue of ₹26.65 crore and an offer-for-sale (OFS) component of ₹5.34 crore.
The sub-par subscription stands in contrast to other recent SME listings, such as Advit Jewels, which saw intense interest and was subscribed over 44 times.
The cautious response suggests investors are remaining selective in the SME segment, despite the broader market activity.