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Live — Subscription Open 7
MV Electrosystems

Consumer Durables • MAINBOARD • ₹400-425

Opens: 30 Jul 2026 | Closes: 03 Aug 2026

Total Subscription

0.59x

Retail (RII) 2.51x
NII (HNI) 0.47x
QIB
Oneindig Technologies

Infrastructure Developers & Operators • SME • ₹91-96

Opens: 30 Jul 2026 | Closes: 03 Aug 2026

Total Subscription

0.05x

Retail (RII) 0.09x
NII (HNI) 0.03x
QIB
Juniper Green Energy

Infrastructure Developers & Operators • MAINBOARD • ₹214-225

Opens: 30 Jul 2026 | Closes: 03 Aug 2026

Total Subscription

0.02x

Retail (RII) 0.04x
NII (HNI) 0.01x
QIB
Dhaval Packaging

Packaging • SME • ₹92-97

Opens: 30 Jul 2026 | Closes: 03 Aug 2026

Total Subscription

0.06x

Retail (RII) 0.11x
NII (HNI) 0.05x
QIB
H. R. Hygiene Products

Miscellaneous • SME • ₹29-31

Opens: 29 Jul 2026 | Closes: 31 Jul 2026

Total Subscription

1.33x

Retail (RII) 1.41x
NII (HNI) 1.62x
QIB 0.92x
Manipal Health Enterprises

Healthcare • MAINBOARD • ₹29-31

Opens: 29 Jul 2026 | Closes: 31 Jul 2026

Total Subscription

0.15x

Retail (RII) 0.25x
NII (HNI) 0.07x
QIB 0.14x
Poojaa Precision Engg

Ferro Alloys • SME • ₹28-30

Opens: 28 Jul 2026 | Closes: 30 Jul 2026

Total Subscription

59.0x

Retail (RII) 77.4x
NII (HNI) 80.6x
QIB 7.30x
Closed — Final Subscription 1
Propshop Events & Exhibitions

Miscellaneous • SME • ₹69

Closed: 29 Jul 2026 • Listing: 02 Aug 2026

Total Subscription

1.49x

Retail (RII) 1.74x
NII (HNI) 1.31x
QIB 1.37x

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.

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