IPO Subscription Status — 28 September 2026
Subscription data for all currently open IPOs. Track how many times each IPO is subscribed across Retail, HNI, and QIB categories.
Live — Subscription Open 21
Total Subscription
0.13x
Total Subscription
0.53x
Total Subscription
0.02x
Stock/ Commodity Brokers • MAINBOARD • ₹28-30
Opens: 28 Sept 2026 | Closes: 30 Sept 2026
Total Subscription
Awaiting data
Total Subscription
0.07x
Total Subscription
0.08x
Total Subscription
5.51x
IT - Software • SME • ₹25-29
Opens: 25 Sept 2026 | Closes: 29 Sept 2026
Total Subscription
0.74x
Steel • MAINBOARD • ₹132-139
Opens: 25 Sept 2026 | Closes: 29 Sept 2026
Total Subscription
3.74x
E-Commerce/App based Aggregator • MAINBOARD • ₹30-32
Opens: 25 Sept 2026 | Closes: 29 Sept 2026
Total Subscription
0.96x
Total Subscription
0.52x
Total Subscription
Awaiting data
Infrastructure Developers & Operators • SME • ₹25-29
Opens: 25 Sept 2026 | Closes: 29 Sept 2026
Total Subscription
0.08x
E-Commerce/App based Aggregator • MAINBOARD • ₹30-32
Opens: 25 Sept 2026 | Closes: 29 Sept 2026
Total Subscription
0.63x
Capital Goods - Electrical Equipment • SME • ₹25-29
Opens: 25 Sept 2026 | Closes: 29 Sept 2026
Total Subscription
0.58x
E-Commerce/App based Aggregator • MAINBOARD • ₹30-32
Opens: 25 Sept 2026 | Closes: 29 Sept 2026
Total Subscription
0.08x
Total Subscription
Awaiting data
Capital Goods-Non Electrical Equipment • SME • ₹24-28
Opens: 24 Sept 2026 | Closes: 28 Sept 2026
Total Subscription
95.1x
Total Subscription
5.33x
E-Commerce/App based Aggregator • MAINBOARD • ₹31-34
Opens: 24 Sept 2026 | Closes: 28 Sept 2026
Total Subscription
22.7x
Total Subscription
2.36x
Understanding IPO Subscription Status
IPO subscription status indicates the demand for an IPO relative to the number of shares offered. When an IPO is subscribed 3x, it means applications worth 3 times the total shares available have been received.
Investor Categories Explained
- Retail Individual Investors (RII): Applications up to ₹2 lakhs. 35% of shares reserved for this category.
- Non-Institutional Investors (NII/HNI): Applications above ₹2 lakhs. 15% of shares reserved.
- Qualified Institutional Buyers (QIB): Mutual funds, insurance companies, banks. 50% of shares reserved.
What High Subscription Means
High overall subscription typically signals strong demand and often correlates with positive listing. However, for retail investors, higher subscription means lower probability of allotment. A 10x retail subscription means roughly 1 in 10 applicants will receive shares.
QIB Subscription — The Key Signal
QIB (institutional) subscription is considered the strongest signal of IPO quality. Institutions conduct thorough due diligence, so heavy QIB subscription (10x+) often indicates strong listing potential. Many successful investors track QIB subscription as their primary decision metric.
FAQ
What does IPO subscription status mean?
It shows how many times the IPO has been subscribed. 5x means 5 times more applications received than shares offered.
What are the investor categories?
RII (Retail up to ₹2L), NII/HNI (above ₹2L), and QIB (institutional investors like mutual funds and banks).
Does high subscription mean good listing?
Generally yes, especially high QIB subscription. But it also means lower allotment probability for retail investors.