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Bombay Coated and Special Steels IPO Subscription status

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60.77×

Final subscription · demand very high · NSE, 2 Nov, 7:00 PM IST

Bombay Coated and Special Steels IPO was subscribed 60.77 times. That means investors bid for 60.77 times the shares on offer. When demand is this high, retail allotment works like a lottery and most applicants get no shares.

Subscription by investor type

Investor typeTimes subscribed
Big funds (QIB)35.5×
Rich investors (NII)158.32×
Retail investors33.73×
Total60.77×

Day-wise subscription

DayQIBNIIRetailTotal
Day 1 · 29 Oct6.55×0.72×1.24×2.67×
Day 2 · 30 Oct6.56×1.8×3.02×3.78×
Day 2 · 31 Oct6.56×1.8×3.02×3.78×
Day 2 · 1 Nov6.56×1.8×3.02×3.78×
Day 3 · 2 Nov35.5×158.32×33.73×60.77×

End-of-day figures from NSE bid data. Day numbers count trading days from the opening date.

Frequently asked questions

How many times is Bombay Coated and Special Steels IPO subscribed?

60.77 times overall: QIB 35.5×, NII 158.32×, retail 33.73×.

What do QIB, NII and retail mean?

QIBs are big institutions such as mutual funds and foreign funds. NIIs are rich individuals and companies bidding over ₹2 lakh. Retail is individuals bidding up to ₹2 lakh.

Will I get Bombay Coated and Special Steels IPO shares?

If the retail category is subscribed more than about 1 time, retail shares are given out by lottery, one lot per winning applicant. Higher subscription means lower odds.

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