Subscription data pending
Bharat Road Network Limited IPO Subscription Status
Live subscription figures for Bharat Road Network Limited IPO are not available yet. This page will automatically show total, QIB, NII and retail demand when the latest bidding data becomes available from BSE and NSE.
- Open date
- Sep 6, 2017
- Close date
- Sep 8, 2017
- Price band
- ₹195–₹205
- Minimum application
- ₹14,965 for 73 shares
- Issue type
- Mainboard
- Subscription source
- BSE and NSE
How to read Bharat Road Network Limited IPO subscription status
IPO subscription is reported as the number of times investors apply for the shares available in each reserved category. A value of 1x means the category has received bids equal to the shares offered, while a value above 1x indicates oversubscription.
Subscription figures can change quickly during the bidding window, particularly on the final day. They indicate demand, but do not guarantee allotment, listing gains or future performance.
Bharat Road Network Limited IPO subscription FAQs
The Bharat Road Network Limited IPO allotment was finalised on Sep 14, 2017. You can check your allotment status by PAN or application number on the registrar's website or on IPO Ji.
Bharat Road Network Limited IPO has a price band of ₹195–₹205 per share, with a minimum retail application of ₹14,965 for 73 shares.
It means investors have applied for X times the number of shares the company is offering. For example, 5x means demand was five times the shares available. A figure above 1x is called oversubscription; below 1x is undersubscription.
No. The higher an issue is oversubscribed, the lower each applicant’s chance of allotment. In oversubscribed retail categories, shares are allotted by a computerised lottery, so every valid applicant has an equal chance regardless of how many lots they applied for.
QIB (Qualified Institutional Buyers) are large institutions like banks, mutual funds and insurers. NII (Non-Institutional Investors) are high-net-worth individuals and bodies applying above ₹2 lakh. Retail individual investors apply up to ₹2 lakh. Each category has a reserved portion of the issue.
IPO Ji updates subscription figures through the bidding day using data sourced from BSE and NSE. The "Last updated" time shown on the page reflects the most recent refresh.