There is no single bid from HNI & QIB for Sita Shree Foods

Thebullishtrends Infrastructure Projects IPO 0.75 times subscribed. HNI category 2.75 times, QIB category 0.92 times and Retail category 0.018 times subscribed. Response from Retail category is so dull due to Investors are not opting the infra IPOs in recent times. The issue will close tomorrow. The entire portion of this issue will definitely subscribe and we are expecting 2-3 times subscription.

Sita Shree Foods IPO opened yesterday for subscriptions. Sita Shree Foods is offering Rs.10 face value shares with a price band of Rs.27-30. The entire issue received only 24,800 bids as against the offer 1,16,66,667 shares. Retail portion only got bids and there is no single bid from QIB and HNI category.