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Surani Steel IPO Subscription Details (Live Status)

Surani Steel IPO Details

IPO Open Jan 25, 2019
IPO Close Jan 29, 2019
IPO Price ₹52
Face Value ₹10
IPO Size ₹12.92 Cr
Listing At NSE SME
Lot Size 2000
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Surani Steel IPO Subscription Status Live

Surani Steel IPO subscribed 1.55 times. The public issue subscribed 1.23 times in the retail category, [.] times in QIB, and 1.70 times in the NII category by Jan 29, 2019.

Investor CategorySubscription (times)
Qualified Institutions[.]
Non-Institutional Buyers1.70
Retail Investors1.23
Employees[.]
Others[.]
Total1.55

Surani Steel IPO Subscription Details (times)

DateNIIRetailTotal
Day 1
Jan 25, 2019
0.680.290.51
Day 2
Jan 28, 2019
0.930.470.74
Day 3
Jan 29, 2019
1.701.231.55

Surani Steel IPO Shares Offered

Surani Steel IPO is a public issue of 2,358,000 equity shares. The issue offers 1,242,000 shares to retail investors, 0 shares to qualified institutional buyers, and 1,242,000 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
NII1,242,0006.4652.67%
Retail1,242,0006.4652.67%
Total2,358,00012.26100%

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)

    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. On 1st May 2022, SEBI introduced a new sub-category as Small NII for applications between Rs 2 lakhs to Rs 10 lakhs.

  • 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.

Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

Surani Steel IPO Subscription FAQs

The Surani Steel IPO is subscribed 1.55 by Jan 29, 2019.

Surani Steel IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional[.]
Non Institutional1.70
Retail Individual1.23
Employee Reservations[.]
Others[.]
Total Subscription1.55

Retail category of Surani Steel IPO subscribed 1.23 times as of date Jan 29, 2019. The public issue closes on Jan 29, 2019 for bidding.

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

The Surani Steel IPO is subscribed 1.55 by Jan 29, 2019.

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

The Surani Steel IPO listing date is Wednesday, February 6, 2019. The equity share of Surani Steel Tubes Limited will list on NSE SME.

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

Surani Steel IPO Timetable

IPO Opens OnJan 25, 2019
IPO Closes OnJan 29, 2019
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date