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| Issue Open | Sep 12, 2018 |
| Issue Close | Sep 17, 2018 |
| IPO Price | ₹25 |
| Face Value | ₹10 |
| IPO Size | ₹4.50 Cr |
| Listing At | BSE SME |
| IPO Lot Size | 6000 |
Ranjeet Mechatronics IPO subscribed 69.75 times. The public issue subscribed 62.03 times in the retail category, [.] times in QIB, and 77.48 times in the NII category by Sep 17, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutions | [.] |
| Non-Institutional Buyers | 77.48 |
| Retail Investors | 62.03 |
| Employees | [.] |
| Others | [.] |
| Total | 69.75 |
| Date | NII | Retail | Total |
|---|---|---|---|
| Day 1 Sep 12, 2018 | 8.80 | 2.25 | 5.52 |
| Day 2 Sep 14, 2018 | 8.83 | 4.92 | 6.88 |
| Day 3 Sep 17, 2018 | 77.48 | 62.03 | 69.75 |
Ranjeet Mechatronics IPO is a public issue of 1,704,000 equity shares. The issue offers 852,000 shares to retail investors, 0 shares to qualified institutional buyers, and 852,000 shares to non-institutional investors.
| Category | Shares Offered | Amount (Rs Cr) |
|---|---|---|
| NII | 852,000 | 2.13 |
| Retail | 852,000 | 2.13 |
| Total | 1,704,000 | 4.26 |
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.
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.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
The Ranjeet Mechatronics IPO is subscribed 69.75 by Sep 17, 2018.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | [.] |
| Non Institutional | 77.48 |
| Retail Individual | 62.03 |
| Employee Reservations | [.] |
| Others | [.] |
| Total Subscription | 69.75 |
An investor can apply in Ranjeet Mechatronics IPO online via bank (using ASBA) or the broker (using UPI). The Ranjeet Mechatronics IPO shares are offered online only.
The Ranjeet Mechatronics IPO is subscribed 69.75 by Sep 17, 2018.
The Ranjeet Mechatronics IPO allotment status is expected on or around Sep 21, 2018. Visit Ranjeet Mechatronics IPO allotment status to check.
Visit Ranjeet Mechatronics IPO subscription status page for real-time bidding information about Ranjeet Mechatronics IPO.
| IPO Opens On | Sep 12, 2018 |
| IPO Closes On | Sep 17, 2018 |
| Finalisation of Basis of Allotment | Sep 21, 2018 |
| Initiation of Refunds | Sep 25, 2018 |
| Credit of Shares to Demat Account | Sep 25, 2018 |
| IPO Listing Date | Sep 26, 2018 |
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