Ratnaveer Precision Engineering IPO Subscription Status
Ratnaveer Precision Engineering IPO was subscribed 93.99 times when bidding closed on 6 Sep 2023: QIB 133.05x, NII 135.21x, Retail 54x.
The Ratnaveer Precision Engineering IPO has been subscribed 93.99x times overall. Retail investors have shown interest with bids for 54x the shares available. The Non-Institutional Investor (NII) category has been subscribed 135.21x. Within NII, Big HNI (B-HNI) subscribed 130.63x and Small HNI (S-HNI) subscribed 144.37x. Qualified Institutional Buyers (QIBs) have subscribed 133.05x. Data last updated on 10 Nov, 06:04 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 04 Sep, 2023 and closes on 06 Sep, 2023. The shares are expected to list on stock exchanges on 11 Sep, 2023.
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 |
|---|---|---|
| QIB | - of - - | 133.05x |
| NII | - of - - | 135.21x |
bHNI — bid amount above ₹10 Lakh |
- - | 130.63 |
sHNI — bid amount ₹2–10 Lakh |
- - | 144.37 |
| Retail | - of - - | 54x |
| TOTAL | - - | 93.99x |
Ratnaveer Precision Engineering 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
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 54 applicants will be successful.
Market Sentiment
Strong grey market premium of 56% suggests exceptional listing gains and high bullish sentiment among traders.
Institutional Backing
Massive institutional interest with QIBs subscribing 133.05x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
06 Sep 2023
Day 3 |
93.99x | ▼ | |
|
QIB133.05x
BHNI130.63x
SHNI144.37x
Retail54x
|
|||
|
05 Sep 2023
Day 2 |
5.77x | ▼ | |
|
QIB0.05x
BHNI6.77x
SHNI13.54x
Retail7.65x
|
|||
|
04 Sep 2023
Day 1 |
5.77x | ▼ | |
|
QIB0.05x
BHNI6.77x
SHNI13.54x
Retail7.65x
|
|||
Ratnaveer Precision Engineering IPO dates
From the bidding window to listing. Today is 11 November.
- Open 04 Sep 2023
- Close 06 Sep 2023
- Allotment 07 Sep 2023
- Refund/credit 08 Sep 2023
- Listing 11 Sep 2023
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 Ratnaveer Precision Engineering IPO?
As of IPO close date (06 Sep, 2023), the Ratnaveer Precision Engineering IPO is subscribed 93.99x times. Retail category is 54x, and NII is 135.21x subscribed.
When is the allotment date for Ratnaveer Precision Engineering IPO?
The allotment for Ratnaveer Precision Engineering IPO is expected to be finalized on 07 September, 2023.
What is the GMP of Ratnaveer Precision Engineering?
The Grey Market Premium (GMP) for Ratnaveer Precision Engineering is currently ₹55, indicating a potential listing gain of 56%.
When will Ratnaveer Precision Engineering IPO list on the stock market?
Ratnaveer Precision Engineering is scheduled to list on BSE and NSE on 11 September, 2023.
What are the chances of getting allotment in Ratnaveer Precision Engineering IPO?
The retail category is oversubscribed at 54x, meaning allotment is by lottery. Statistically, approximately 1 in 54 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 133.05x mean for Ratnaveer Precision Engineering IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 133.05x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Ratnaveer Precision Engineering IPO allotment status?
After the allotment date (07 Sep, 2023), you can check your Ratnaveer Precision Engineering 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 Ratnaveer Precision Engineering 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.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
