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Steelman Telecom IPO Subscription Details (Live Status)

Steelman Telecom IPO Details

IPO Open Sep 26, 2022
IPO Close Sep 29, 2022
IPO Price ₹96
Face Value ₹10
IPO Size ₹26.02 Cr
Listing At BSE SME
Lot Size 1200
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Steelman Telecom IPO Subscription Status Live

Steelman Telecom IPO subscribed 22.40 times. The public issue subscribed 22.82 times in the retail category, 7.78 times in QIB, and 70.09 times in the NII category by Sep 29, 2022.

Investor CategorySubscription (times)
Qualified Institutions7.78
Non-Institutional Buyers70.09
Retail Investors22.82
Employees[.]
Others[.]
Total22.40

Steelman Telecom IPO Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
Sep 26, 2022
0.000.040.490.18
Day 2
Sep 27, 2022
0.750.262.331.23
Day 3
Sep 28, 2022
2.751.595.773.64
Day 4
Sep 29, 2022
7.7870.0922.8222.40

Steelman Telecom IPO Shares Offered

Steelman Telecom IPO is a public issue of 2,575,200 equity shares. The issue offers 902,400 shares to retail investors, 1,286,400 shares to qualified institutional buyers, and 386,400 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB1,286,40012.3549.95%
NII386,4003.7115.00%
Retail902,4008.6635.04%
Total2,575,20024.72100%

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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Steelman Telecom IPO Subscription FAQs

The Steelman Telecom IPO is subscribed 22.40 by Sep 29, 2022.

Steelman Telecom IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional7.78
Non Institutional70.09
Retail Individual22.82
Employee Reservations[.]
Others[.]
Total Subscription22.40

Retail category of Steelman Telecom IPO subscribed 22.82 times as of date Sep 29, 2022. The public issue closes on Sep 29, 2022 for bidding.

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

The Steelman Telecom IPO is subscribed 22.40 by Sep 29, 2022.

The Steelman Telecom IPO allotment status is expected on or around Oct 4, 2022. Visit Steelman Telecom IPO allotment status to check.

The Steelman Telecom IPO listing date is not yet announced. The Steelman Telecom IPO is planned to list on Oct 10, 2022, at BSE SME.

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

Steelman Telecom IPO Timetable

IPO Opens OnSep 26, 2022
IPO Closes OnSep 29, 2022
Finalisation of Basis of AllotmentOct 4, 2022
Initiation of RefundsOct 6, 2022
Credit of Shares to Demat AccountOct 7, 2022
IPO Listing DateOct 10, 2022