Shri Ramrupai Balaji Steels IPO Subscription Status
Shri Ramrupai Balaji Steels IPO was subscribed 9.23 times when bidding closed on 14 Jul 2005: QIB 5.25x, NII 15.47x, Retail 12.69x.
The Shri Ramrupai Balaji Steels IPO has been subscribed 9.23x times overall. Retail investors have shown interest with bids for 12.69x the shares available. The Non-Institutional Investor (NII) category has been subscribed 15.47x. Qualified Institutional Buyers (QIBs) have subscribed 5.25x. Data last updated on 12 Nov, 08:13 PM.
The IPO subscription period has ended. The issue opened on 08 Jul, 2005 and closes on 14 Jul, 2005. The shares are expected to list on stock exchanges on 02 Aug, 2005.
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 - - | 5.25x |
| NII | - of - - | 15.47x |
| Retail | - of - - | 12.69x |
| Employee | - of - - | 1.06x |
| TOTAL | - - | 9.23x |
Shri Ramrupai Balaji Steels 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 7.9% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 5.25x. This often signals long-term confidence from professional funds.
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 | ||
|---|---|---|---|
|
14 Jul 2005
Day 1 |
9.23x | ▼ | |
|
QIB5.25x
BHNI-
SHNI-
Retail12.69x
Employee1.06x
|
|||
Shri Ramrupai Balaji Steels IPO dates
From the bidding window to listing. Today is 13 November.
- Open 08 Jul 2005
- Close 14 Jul 2005
- Allotment 29 Jul 2005
- Refund/credit TBA
- Listing 02 Aug 2005
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 Shri Ramrupai Balaji Steels IPO?
As of IPO close date (14 Jul, 2005), the Shri Ramrupai Balaji Steels IPO is subscribed 9.23x times. Retail category is 12.69x, and NII is 15.47x subscribed.
When is the allotment date for Shri Ramrupai Balaji Steels IPO?
The allotment for Shri Ramrupai Balaji Steels IPO is expected to be finalized on 29 July, 2005.
When will Shri Ramrupai Balaji Steels IPO list on the stock market?
Shri Ramrupai Balaji Steels is scheduled to list on BSE and NSE on 02 August, 2005.
What are the chances of getting allotment in Shri Ramrupai Balaji Steels IPO?
The retail category is oversubscribed at 12.69x, 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.
What does QIB subscription of 5.25x mean for Shri Ramrupai Balaji Steels IPO?
Moderate — QIBs have subscribed 5.25x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Shri Ramrupai Balaji Steels IPO allotment status?
After the allotment date (29 Jul, 2005), you can check your Shri Ramrupai Balaji Steels 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 Shri Ramrupai Balaji Steels IPO further
Track every stage of this IPO, from subscription to listing.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
