S.A.L. Steel IPO Subscription Status
S.A.L. Steel IPO was subscribed 18.83 times when bidding closed on 5 Nov 2004: QIB 3.92x, NII 40.26x, Retail 34.74x.
The S.A.L. Steel IPO has been subscribed 18.83x times overall. Retail investors have shown interest with bids for 34.74x the shares available. The Non-Institutional Investor (NII) category has been subscribed 40.26x. Qualified Institutional Buyers (QIBs) have subscribed 3.92x. 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 01 Nov, 2004 and closes on 05 Nov, 2004. The shares are expected to list on stock exchanges on 24 Nov, 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 |
|---|---|---|
| QIB | - of - - | 3.92x |
| NII | - of - - | 40.26x |
| Retail | - of - - | 34.74x |
| Shareholder | - of - - | 1.95x |
| TOTAL | - - | 18.83x |
S.A.L. Steel 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 35 applicants will be successful.
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 | ||
|---|---|---|---|
|
05 Nov 2004
Day 1 |
18.83x | ▼ | |
|
QIB3.92x
BHNI-
SHNI-
Retail34.74x
Shareholder1.95x
|
|||
S.A.L. Steel IPO dates
From the bidding window to listing. Today is 12 November.
- Open 01 Nov 2004
- Close 05 Nov 2004
- Allotment 18 Nov 2004
- Refund/credit TBA
- Listing 24 Nov 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 S.A.L. Steel IPO?
As of IPO close date (05 Nov, 2004), the S.A.L. Steel IPO is subscribed 18.83x times. Retail category is 34.74x, and NII is 40.26x subscribed.
When is the allotment date for S.A.L. Steel IPO?
The allotment for S.A.L. Steel IPO is expected to be finalized on 18 November, 2004.
When will S.A.L. Steel IPO list on the stock market?
S.A.L. Steel is scheduled to list on BSE and NSE on 24 November, 2004.
What are the chances of getting allotment in S.A.L. Steel IPO?
The retail category is oversubscribed at 34.74x, meaning allotment is by lottery. Statistically, approximately 1 in 35 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 3.92x mean for S.A.L. Steel IPO?
Moderate — QIBs have subscribed 3.92x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check S.A.L. Steel IPO allotment status?
After the allotment date (18 Nov, 2004), you can check your S.A.L. Steel 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 S.A.L. Steel 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.
