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Electrosteel IPO Subscription Details (Live Status)

Electrosteel IPO Details

IPO Open Sep 21, 2010
IPO Close Sep 24, 2010
IPO Price ₹11
Face Value ₹10
IPO Size ₹248.07 Cr
Listing At BSE, NSE
Lot Size 600
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Electrosteel IPO Subscription Status Live

Electrosteel IPO subscribed 8.23 times. The public issue subscribed 6.19 times in the retail category, 5.86 times in QIB, and 28.58 times in the NII category by Sep 24, 2010.

Investor CategorySubscription (times)
Qualified Institutions5.86
Non-Institutional Buyers28.58
Retail Investors6.19
Employees[.]
Others[.]
Total8.23

Electrosteel IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
Sep 21, 2010
0.040.610.010.09
Day 2
Sep 22, 2010
0.400.610.130.34
Day 3
Sep 23, 2010
5.860.750.433.72
Day 4
Sep 24, 2010
5.8628.586.198.23

Electrosteel IPO Shares Offered

Electrosteel IPO is a public issue of 225,516,188 equity shares. The issue offers 67,654,856 shares to retail investors, 135,309,713 shares to qualified institutional buyers, and 22,551,619 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB135,309,713148.8460.00%
NII22,551,61924.8110.00%
Retail67,654,85674.4230.00%
Total225,516,188248.07100%

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)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs 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.

What is the difference between RII, NII, QIB and Anchor Investor?

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Electrosteel IPO Subscription FAQs

The Electrosteel IPO is subscribed 8.23 by Sep 24, 2010.

Electrosteel IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional5.86
Non Institutional28.58
Retail Individual6.19
Employee Reservations[.]
Others[.]
Total Subscription8.23

Retail category of Electrosteel IPO subscribed 6.19 times as of date Sep 24, 2010. The public issue closes on Sep 24, 2010 for bidding.

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

The Electrosteel IPO is subscribed 8.23 by Sep 24, 2010.

The Electrosteel IPO allotment status is expected on or around . Visit Electrosteel IPO allotment status to check.

The Electrosteel IPO listing date is Friday, October 8, 2010. The equity share of Electrosteel Integrated Ltd will list on BSE, NSE.

Visit Electrosteel IPO subscription status page for real-time bidding information about Electrosteel IPO.

Electrosteel IPO Timetable

IPO Opens OnSep 21, 2010
IPO Closes OnSep 24, 2010
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date