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Century Business Media

Miscellaneous • SME • ₹11-16

Opens: 11 Sept 2026 | Closes: 16 Sept 2026

Total Subscription

0.11x

Retail (RII) 0.07x
NII (HNI) 0.30x
QIB
Injecto Polymers

Packaging • SME • ₹11-16

Opens: 11 Sept 2026 | Closes: 16 Sept 2026

Total Subscription

0.05x

Retail (RII) 0.08x
NII (HNI) 0.03x
QIB
Manika Plastech

Plastic products • MAINBOARD • ₹40-43

Opens: 11 Sept 2026 | Closes: 16 Sept 2026

Total Subscription

0.75x

Retail (RII) 1.28x
NII (HNI) 0.51x
QIB
Veegaland Developers

Realty • MAINBOARD • ₹130-140

Opens: 10 Sept 2026 | Closes: 15 Sept 2026

Total Subscription

0.96x

Retail (RII) 1.32x
NII (HNI) 0.80x
QIB 0.45x
Panchatv Bharat

Trading • SME • ₹10-15

Opens: 10 Sept 2026 | Closes: 15 Sept 2026

Total Subscription

Awaiting data

Retail (RII)
NII (HNI)
QIB
Om Galaxy

Plastic products • SME • ₹10-15

Opens: 10 Sept 2026 | Closes: 15 Sept 2026

Total Subscription

0.91x

Retail (RII) 0.07x
NII (HNI) 0.29x
QIB 3.01x
Raksan Transformers

Capital Goods - Electrical Equipment • SME • ₹10-15

Opens: 10 Sept 2026 | Closes: 15 Sept 2026

Total Subscription

0.55x

Retail (RII) 0.23x
NII (HNI) 0.34x
QIB 1.32x
Maharaja & Speedex India

SME • ₹10-15

Opens: 10 Sept 2026 | Closes: 15 Sept 2026

Total Subscription

Awaiting data

Retail (RII)
NII (HNI)
QIB
Maharaja & Speedex India

Consumer Durables • SME • ₹177-186

Opens: 10 Sept 2026 | Closes: 15 Sept 2026

Total Subscription

0.37x

Retail (RII) 0.40x
NII (HNI) 0.69x
QIB
Vinod Texworld

Textiles • SME • ₹94

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

1.15x

Retail (RII) 2.14x
NII (HNI) 0.26x
QIB
Asset Reconstruction Co. (India)

Finance • MAINBOARD • ₹132-139

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

1.66x

Retail (RII) 1.80x
NII (HNI) 1.99x
QIB 1.18x
Karamtara Engineering

Capital Goods - Electrical Equipment • MAINBOARD • ₹241-254

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

7.51x

Retail (RII) 6.77x
NII (HNI) 15.9x
QIB 2.54x
Steamhouse India

Miscellaneous • MAINBOARD • ₹77-81

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

6.65x

Retail (RII) 7.67x
NII (HNI) 10.9x
QIB 1.67x
Manipal Payment and Identity Solutions

IT - Software • MAINBOARD • ₹322-339

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

0.67x

Retail (RII) 1.65x
NII (HNI) 0.41x
QIB 0.47x
Rentomojo

Miscellaneous • MAINBOARD • ₹384-404

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

11.4x

Retail (RII) 8.62x
NII (HNI) 31.4x
QIB 1.47x
Infrax Renewable

Infrastructure Developers & Operators • SME • ₹104

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

Awaiting data

Retail (RII)
NII (HNI)
QIB
LCC Projects

Infrastructure Developers & Operators • MAINBOARD • ₹139-146

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

11.2x

Retail (RII) 12.5x
NII (HNI) 21.1x
QIB 1.20x
Amtech Esters

Chemicals • SME • ₹71-75

Opens: 09 Sept 2026 | Closes: 11 Sept 2026

Total Subscription

6.90x

Retail (RII) 10.4x
NII (HNI) 6.47x
QIB 1.12x

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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