IPO subscription refers to the number of times an IPO has been bid for relative to the number of shares offered. It reflects the total demand for an IPO from Retail, QIB, and HNI investors.
Example:
If a company offers 1 crore shares and receives bids for 5 crore shares, the subscription is 5×.
A higher subscription suggests strong investor interest, while low subscription indicates weaker demand.
|
Name |
Date |
Type |
Issue Size |
QIB |
NII |
Retail |
Employee |
Others |
Total |
|
ICICI Prudential AMC |
16 Dec 2025 |
Mainboard |
10602.65 Cr |
2.21 |
3.85 |
0.83 |
2.71 |
2.02 |
|
|
Park Medi World IPO |
12 Dec 2025 |
Mainboard |
920.00 Cr |
12.07 |
15.93 |
3.32 |
8.52 |
||
|
Nephrocare Health Services |
12 Dec 2025 |
Mainboard |
871.05 Cr |
26.82 |
24.77 |
2.36 |
14.08 |
||
|
Corona Remedies |
10 Dec 2025 |
Mainboard |
655.37 Cr |
293.80 |
220.18 |
30.39 |
144.54 |
||
|
Wakefit |
10 Dec 2025 |
Mainboard |
1,288.89 Cr |
3.04 |
1.05 |
3.14 |
2.52 |
||
|
Aequs |
05 Dec 2025 |
Mainboard |
921.81 Cr |
120.92 |
80.59 |
77.47 |
101.52 |
||
|
Meesho |
05 Dec 2025 |
Mainboard |
5,421.20 Cr |
120.18 |
38.13 |
18.92 |
79 |
||
|
Vidya Wires |
05 Dec 2025 |
Mainboard |
300.01 Cr |
5.12 |
51.96 |
27.69 |
26.5 |
||
|
Sudeep Pharma |
25 Nov 2025 |
Mainboard |
895.00 Cr |
213.08 |
116.62 |
15.45 |
93.6 |
||
|
Excelsoft Technologies |
21 Nov 2025 |
Mainboard |
500.00 Cr |
47.55 |
101.64 |
15.48 |
43.1 |
||
|
Neptune Logitek IPO |
17 Dec 2025 |
SME |
46.62 Cr |
-- |
0.33 |
1.73 |
1.03 |
||
|
Ashwini Container Movers IPO |
16 Dec 2025 |
SME |
71.00 Cr |
-- |
0.26 |
0.52 |
0.32 |
||
|
Exim Routes IPO |
16 Dec 2025 |
SME |
43.73 Cr |
-- |
2.64 |
1.12 |
1.13 |
||
|
Stanbik Agro IPO |
16 Dec 2025 |
SME |
12.28 Cr |
-- |
0.72 |
0.48 |
0.60 |
||
|
HRS Aluglaze IPO |
15 Dec 2025 |
SME |
50.92 Cr |
3.5 |
82.13 |
49.54 |
44.83 |
||
|
Pajson Agro India IPO |
15 Dec 2025 |
SME |
74.45 Cr |
7.64 |
6.86 |
3.85 |
6.50 |
||
|
Unisem Agritech IPO |
12 Dec 2025 |
SME |
21.45 Cr |
1.79 |
1.58 |
2.26 |
1.95 |
As of 15th Dec"25; 6:00 PM
IPO demand varies across investor categories. Here's what each category means and why it matters:
Includes:
A strong QIB subscription is one of the biggest signs of confidence and often leads to good listing performance.
High NII subscription often indicates aggressive demand.
Some IPOs reserve a portion for:
These categories sometimes come with discounted pricing.
IPO subscription is calculated based on the total bids received compared to the total shares available:
Subscription = Total shares bid ÷ Total shares offered
Examples:
IPO offers 1 crore shares
Bids received: 10 crore shares
Subscription: 10×
IPO offers 1 crore shares
Bids received: 80 lakh shares
Subscription: 0.8× (not fully subscribed)
Subscription figures are updated multiple times throughout the IPO bidding days.
IPO subscription levels provide key information:
High subscription across categories indicates confidence in the company.
Heavily subscribed IPOs often list at a premium, though not guaranteed.
Retail oversubscription reduces your chances of getting allotment.
Strong QIB demand often predicts stability and long-term interest.
SME IPOs have different dynamics:
Smaller issue size → Higher subscription multiples
Listing happens on NSE Emerge or BSE SME
Subscription patterns can be more volatile
Retail and HNI categories are especially important
SME IPO subscription trends often spike closer to the final bidding day.
Understanding subscription data helps you:
Evaluate real demand for the IPO
Compare popularity with other IPOs
Gauge expected listing performance
Understand institutional participation levels
Make more informed decisions about whether to apply
Subscription data is one of the strongest market sentiment indicators during an IPO.
Subscription directly influences allotment:
Allotment is lottery-based
Higher subscription → Lower chances of allotment
Example: If oversubscribed 50×, you have about 1 in 50 chance
Allotment is proportional
If oversubscribed 20×, you may get 1/20th of your bid
Allotment is proportionate but allocation rules differ.
Understanding subscription helps investors set realistic expectations for allotment.
Here are the commonly used methods:
1. NSE & BSE Subscription Updates
Exchanges publish hourly updates during IPO bidding days.
2. Registrar Websites
KFintech, Link Intime, and others publish end-of-day bidding summaries.
3. Broker Platforms
Most brokers show live subscription data inside their IPO section.
4. Financial News Platforms
Websites tracking IPO performance publish updated subscription numbers daily.