Issue Subscribed 5% On Day 1 So Far

What does it mean when an issue is subscribed 5% on day 1?

When an issue is subscribed 5% on day 1, it means that 5% of the total number of shares offered in the issue have been subscribed by investors on the first day of the issue.

Why is it important for an issue to be subscribed on day 1?

It is important for an issue to be subscribed on day 1 because it indicates that there is strong demand for the issue from investors. This can lead to a positive sentiment in the market and encourage other investors to subscribe to the issue.

What factors can affect the subscription rate of an issue?

There are a number of factors that can affect the subscription rate of an issue, including:

• The quality of the issue
• The price of the issue
• The market conditions
• The marketing efforts of the issuer