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Bharat Road Network IPO Subscription Details (Live Status)

Bharat Road Network IPO Details

Issue Open Sep 6, 2017
Issue Close Sep 8, 2017
IPO Price ₹205
Face Value ₹10
IPO Size ₹600.65 Cr
Listing At BSE, NSE
IPO Lot Size 73

Bharat Road Network IPO Subscription Status Live

Bharat Road Network IPO subscribed 1.81 times. The public issue subscribed 5.69 times in the retail category, 1.33 times in QIB, and 1.63 times in the NII category by Sep 8, 2017.

Investor CategorySubscription (times)
Qualified Institutions1.33
Non-Institutional Buyers1.63
Retail Investors5.69
Employees[.]
Others[.]
Total1.81

Bharat Road Network IPO Subscription Details (times)

DateQIBNIIRetailTotal

Day 1
Sep 6, 2017

0.19

0.01

0.76

0.22

Day 2
Sep 7, 2017

0.52

0.63

2.07

0.70

Day 3
Sep 8, 2017

1.33

1.63

5.69

1.81


Bharat Road Network IPO Shares Offered

Bharat Road Network IPO is a public issue of 29,300,000 equity shares. The issue offers 2,930,000 shares to retail investors, 21,975,000 shares to qualified institutional buyers, and 4,395,000 shares to non-institutional investors.

CategoryShares Offered%
QIB21,975,00075.00%
NII4,395,00015.00%
Retail2,930,00010.00%
Total29,300,000100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

Bharat Road Network IPO Subscription FAQs

The Bharat Road Network IPO is subscribed 1.81 by Sep 8, 2017.

Bharat Road Network IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional1.33
Non Institutional1.63
Retail Individual5.69
Employee Reservations[.]
Others[.]
Total Subscription1.81

Retail category of Bharat Road Network IPO subscribed 5.69 times as of date Sep 8, 2017. The public issue closes on Sep 8, 2017 for bidding.

An investor can apply in Bharat Road Network IPO online via bank (using ASBA) or the broker (using UPI). The Bharat Road Network IPO shares are offered online only.

The Bharat Road Network IPO is subscribed 1.81 by Sep 8, 2017.

The Bharat Road Network IPO allotment status is expected on or around Sep 13, 2017. Visit Bharat Road Network IPO allotment status to check.

The Bharat Road Network IPO listing date is Monday, September 18, 2017. The equity share of Bharat Road Network Limited will list on BSE, NSE.

Visit Bharat Road Network IPO subscription status page for real-time bidding information about Bharat Road Network IPO.

Bharat Road Network IPO Timetable

IPO Opens OnSep 6, 2017
IPO Closes OnSep 8, 2017
Finalisation of Basis of AllotmentSep 13, 2017
Initiation of RefundsSep 14, 2017
Credit of Shares to Demat AccountSep 14, 2017
IPO Listing DateSep 18, 2017