The IPO of BEML was oversubscribed 30.65 times according to a release from National Stock Exchange. Here is the breakup.
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 2205000 | 139654750 | 63.3355 |
| 2 | Non Institutional Investors | 661500 | 5604055 | 8.4717 |
| 3 | Retail Individual Investors (RIIs) | 1543500 | 4930965 | 3.1947 |
The individual investors retail portion of the issue was subscribed 3.1 times. So any retail investor applying for 20 or more shares will get firm allotment of 5 shares. Even if you have applied for 15 shares, your chances of allotment are very high.
[Don’t look for grey market because BEML is already listed and Current Market Price of BEML is Rs 1239]
Update:
BEML issue price has been fixed at Rs 1,075 for 49 lakh shares in the FPO [Follow on Public Offer]