Rachana Infrastructure IPO Subscription Status [ Final ]

Rachana Infrastructure IPO Subscription status started on 20 May 2022. It will close on 02 June 2022. The Total IPO Size is 38.99 Crore. The company set its IPO price is 138 Rs Per Share. Basically, there are two basic categories in Rachana Infrastructure IPO Subscription 1) Non Institutional Investors 2) Retail Individual Investors (RIIs).

Rachana Infrastructure is engaged in the business of construction road projects on a Bill of Quantities (BOQ) and EPC basis. The business verticals of the company are Roads and Highways, Bridges, Mining, Irrigation, Pipelines, Buildings, Hydro Power project, and Rental Income. They got the contracts from the Government (Zilla Panchayat) on a very small scale. In addition, They got subcontracts from the infrastructure Companies from Gujarat, Maharashtra, and many other states.

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Can we Subscribe Rachana Infrastructure IPO?

In our view, Avoid.

Latest News Update: Rachana Infrastructure IPO Subscription Status Live
  • Rachana Infrastructure IPO subscribed 1.21 times, retail portion booked 0.60 times on day 10 day.
  • The QIB 0.00 times,NII 1.82 times Subscribed on day 10.

Rachana Infrastructure IPO Subscription Status( 02 June 2022 )

Day 1 (times) Day 2 (times) Day 3 (times) Day 4 (times) Day 5 (times) Day 6 (times) Day 7 (times) Day 8 (times) Day 9 (times) Day 10 (times)
NII 0.00 0.04 0.04 0.09 0.09 0.09 0.37 0.47 0.63 1.82
Retail 0.12 0.21 0.22 0.27 0.29 0.31 0.34 0.36 0.44 0.60
Total 0.06 0.13 0.13 0.18 0.19 0.20 0.36 0.42 0.53 1.21

Rachana Infrastructure IPO FAQ Question

  • How many times Rachana Infrastructure IPO subscribed?

The Rachana Infrastructure IPO subscription status 1.21 times day 10.

  • What is Rachana Infrastructure IPO retail subscription status?

The Rachana Infrastructure IPO retail subscription status 0.60 times day 10.

  • What is Rachana Infrastructure IPO NII subscription status?

The Rachana Infrastructure IPO NII subscription status 1.82 times day 10.

  • What is Rachana Infrastructure IPO QIB subscription status?

The Rachana Infrastructure IPO QIB subscription status 0.00 times day 10.

  • How to subscribe Rachana Infrastructure IPO?

An investor can apply in Rachana Infrastructure IPO online via bank (using ASBA) or the broker (using UPI). The Rachana Infrastructure IPO shares are offered online only.

  • What is Rachana Infrastructure IPO allotment date?

The Rachana Infrastructure IPO allotment date expected on 2022.