FREE Account Opening + No Clearing Fees
September 26, 2022 - September 29, 2022

Steelman Telecom IPO Subscription Details

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 Other category by September 29, 2022.

Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Retail Investors22.82902,4002,05,93,200197.69
Total 22.402,575,2005,76,81,600553.74

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

* Market Maker portion of 135,600 equity shares not included.

Steelman Telecom IPO (Day-wise) Subscription Details (times)

Day 1
September 26, 2022
Day 2
September 27, 2022
Day 3
September 28, 2022
Day 4
September 29, 2022

Steelman Telecom IPO Shares Offered

Steelman Telecom IPO is a public issue of 2,710,800 equity shares. The issue offers 902,400 shares to retail investors, 1,286,400 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 Maker135,6001.305.00%

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.

Steelman Telecom IPO Subscription FAQs

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

Steelman Telecom IPO Subscription

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

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

The Steelman Telecom IPO allotment status is expected on or around October 7, 2022. Visit Steelman Telecom IPO allotment status to check.

The Steelman Telecom IPO listing date is Monday, October 10, 2022. The equity share of Steelman Telecom Limited will list on BSE SME.

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

Steelman Telecom IPO Timetable

IPO Opens OnSeptember 26, 2022
IPO Closes OnSeptember 29, 2022
Finalisation of Basis of AllotmentOctober 7, 2022
Initiation of RefundsOctober 10, 2022
Credit of Shares to Demat AccountOctober 10, 2022
IPO Listing DateOctober 10, 2022