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June 27, 2011 - June 29, 2011

Readymade Steel India IPO Subscription Details

Readymade Steel India IPO Subscription Status Live

Readymade Steel India IPO subscribed 1.68 times. The public issue subscribed 4.18 times in the retail category, 0.03 times in QIB, and 1.37 times in the NII category by June 29, 2011 (Day 3).

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions0.031,930,2940
Non-Institutional Buyers1.37579,0880
Retail Investors4.181,351,2060
Employees[.]00
Others[.]00
Total 1.683,860,5880

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


Readymade Steel India IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
June 27, 2011
0.000.000.140.05
Day 2
June 28, 2011
0.000.420.920.38
Day 3
June 29, 2011
0.031.374.181.68

Readymade Steel India IPO Shares Offered

Readymade Steel India IPO is a public issue of 3,860,588 equity shares. The issue offers 1,351,206 shares to retail investors, 1,930,294 shares to qualified institutional buyers, and 579,088 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB1,930,29420.8550.00%
NII579,0886.2515.00%
Retail1,351,20614.5935.00%
Total3,860,58841.69100%

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 Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, 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.

Readymade Steel India IPO Subscription FAQs

The Readymade Steel India IPO is subscribed 1.68 by June 29, 2011.

Readymade Steel India IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional0.03
Non Institutional1.37
Retail Individual4.18
Employee Reservations[.]
Others[.]
Total Subscription1.68

Retail category of Readymade Steel India IPO subscribed 4.18 times as of date June 29, 2011. The public issue closes on June 29, 2011 for bidding.

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

The Readymade Steel India IPO is subscribed 1.68 by June 29, 2011.

The Readymade Steel India IPO allotment status is expected on or around . Visit Readymade Steel India IPO allotment status to check.

The Readymade Steel India IPO listing date is Wednesday, July 13, 2011. The equity share of Readymade Steel India Ltd will list on BSE.

Visit Readymade Steel India IPO subscription status page for real-time bidding information about Readymade Steel India IPO.

Readymade Steel India IPO Timetable

IPO Opens OnJune 27, 2011
IPO Closes OnJune 29, 2011
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date