Wednesday, September 06, 2017

Bharat Road Network IPO Subscription Numbers & Status, IPO Subscribed 1.75 times

Bharat Road Network IPO subscription to start from 6th September. As per market speculations and the grey market prices the IPO will not get good subscription numbers. The premium is hovering around 10-20 and the financial results seems to be very much on a negative side with loss in last 2 years increased. Let's see how subscription numbers will come up. Check BRNL IPO gmp by day to day.

Bharat Road Network IPO Subscription: (Fully Subscribed)

Day 2 0.520.632.07N/A0.70
Day 3 1.331.635.16N/A1.75

Bharat Road Network IPO Dates & Price Band: (Approx)
  • IPO Open: 6-September-2017
  • IPO Close: 8-September-2017
  • IPO Size: Approx Rs.600 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 195 to 205 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 10%
  • Total Size: 29,300,000 Equity Shares
Bharat Road Network IPO Market Lot:
  • Shares: Apply for 73 Shares (Minimum Lot Size)
  • Amount: Rs.14965
Bharat Road Network IPO Allotment & Listing:
  • Basis of Allotment: 13-September
  • Refunds: 14-September
  • Credit to demat accounts: 14-September
  • Listing: 18-September