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]
BEML issue price has been fixed at Rs 1,075 for 49 lakh shares in the FPO [Follow on Public Offer]