Bank of Maharashtra IPO Subscription Status
Bank of Maharashtra IPO was subscribed 10.36 times when bidding closed on 4 Mar 2004: NII 10.1x, Retail 12.46x.
The Bank of Maharashtra IPO has been subscribed 10.36x times overall. Retail investors have shown interest with bids for 12.46x the shares available. The Non-Institutional Investor (NII) category has been subscribed 10.1x. Data last updated on 12 Nov, 08:13 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 25 Feb, 2004 and closes on 04 Mar, 2004. The shares are expected to list on stock exchanges on 12 Apr, 2004.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| NII | - of - - | 10.1x |
| Retail | - of - - | 12.46x |
| Employee | - of - - | 2.13x |
| TOTAL | - - | 10.36x |
Bank of Maharashtra IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 8% for a single lot.
QIB Watch
Institutional buyers are currently waiting. Historically, big funds (QIBs) tend to flood in during the final hours of the subscription period.
Day-wise subscription history
End-of-day subscription across the 1-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
04 Mar 2004
Day 1 |
10.36x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail12.46x
Employee2.13x
|
|||
Bank of Maharashtra IPO dates
From the bidding window to listing. Today is 12 November.
- Open 25 Feb 2004
- Close 04 Mar 2004
- Allotment 31 Mar 2004
- Refund/credit TBA
- Listing 12 Apr 2004
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Bank of Maharashtra IPO?
As of IPO close date (04 Mar, 2004), the Bank of Maharashtra IPO is subscribed 10.36x times. Retail category is 12.46x, and NII is 10.1x subscribed.
When is the allotment date for Bank of Maharashtra IPO?
The allotment for Bank of Maharashtra IPO is expected to be finalized on 31 March, 2004.
When will Bank of Maharashtra IPO list on the stock market?
Bank of Maharashtra is scheduled to list on BSE and NSE on 12 April, 2004.
What are the chances of getting allotment in Bank of Maharashtra IPO?
The retail category is oversubscribed at 12.46x, meaning allotment is by lottery. Statistically, approximately 1 in 13 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
How to check Bank of Maharashtra IPO allotment status?
After the allotment date (31 Mar, 2004), you can check your Bank of Maharashtra IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Bank of Maharashtra IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.
Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
