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September 24, 2018 - September 27, 2018

Rajnandini Metal IPO Subscription Details

Rajnandini Metal IPO Subscription Status Live

Rajnandini Metal IPO subscribed 1.38 times. The public issue subscribed 0.38 times in the retail category, 2.38 times in Other category by September 27, 2018.

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Retail Investors0.38780,0003,00,0000.78
Total 1.381,560,00021,56,0005.61

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 84,000 equity shares not included.

Rajnandini Metal IPO (Day-wise) Subscription Details (times)

Day 1
September 24, 2018
Day 2
September 25, 2018
Day 3
September 26, 2018
Day 4
September 27, 2018

Rajnandini Metal IPO Shares Offered

Rajnandini Metal IPO is a public issue of 1,644,000 equity shares. The issue offers 780,000 shares to retail investors, 780,000 shares to other investors. The other investors include applicants other than retail i.e. HNI, corporates, institutions, (NII and QIB).

CategoryShares OfferedAmount (Rs Cr) Size (%)
Market Maker84,0000.225.11%

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?

Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. shall not be liable in any way for any discrepancies, errors, omissions, losses or damage., including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.

Rajnandini Metal IPO Subscription FAQs

The Rajnandini Metal IPO is subscribed 1.38 by September 27, 2018.

Rajnandini Metal IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional2.38
Retail Individual0.38
Employee Reservations[.]
Total Subscription1.38

Retail category of Rajnandini Metal IPO subscribed 0.38 times as of date September 27, 2018. The public issue closes on September 27, 2018 for bidding.

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

The Rajnandini Metal IPO is subscribed 1.38 by September 27, 2018.

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

The Rajnandini Metal IPO listing date is Monday, October 8, 2018. The equity share of Rajnandini Metal Limited will list on NSE SME.

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

Rajnandini Metal IPO Timetable

IPO Opens OnSeptember 24, 2018
IPO Closes OnSeptember 27, 2018
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date