IPO Subscription Status
Track live subscription details with QIB, NII and retail categories from NSE and BSE for Mainboard & SME IPOs.
Live IPO subscription data for Mainboard & SME
Mainboard IPO Subscription Status
No IPOs are open for subscription in this category today.
SME IPO Subscription Status
No IPOs are open for subscription in this category today.
What is IPO subscription status?
IPO subscription status shows how many times an issue has been bid for against the shares on offer. A subscription of 2x means investors have collectively applied for twice the number of shares the company is selling. The exchanges publish these figures through the day while the issue is open, broken down by the investor category that placed the bid.
Bids are grouped into three main categories. Qualified Institutional Buyers (QIBs) are mutual funds, insurers, banks and foreign portfolio investors. Non-Institutional Investors (NIIs), often called HNIs, apply for more than ₹2 lakh. Retail Individual Investors apply for up to ₹2 lakh. Employee and shareholder quotas appear separately where a company reserves them.
Each category has a reserved portion of the issue, so they fill at different speeds. Retail demand often builds steadily from day one, while QIB bids tend to arrive in the final hours before the issue closes. A figure below 1x on the closing day means that portion has not been fully taken up, and an issue that stays under-subscribed overall may be withdrawn or see its allotment adjusted.
Subscription numbers show demand, not quality. Heavy oversubscription means a smaller chance of allotment, and it says nothing about whether the company is worth owning at the price on offer. Read it alongside grey market premium, the offer documents and the company's financials rather than on its own, and remember that the numbers move sharply in the last hours before an issue closes.
How to check IPO subscription status?
- On this page. The table above carries category-wise figures for every open Mainboard and SME IPO refreshed twice daily. Each row links through to the individual IPO page.
- On the exchange websites. NSE and BSE publish live bid details for every open issue on their own IPO pages, updated through the day while bidding is on. These are the primary source the figures here are built from.
- Through your broker. Most brokerage apps show subscription status inside the IPO application screen, so you can check demand before placing or modifying a bid.
- Read the category that applies to you. Your allotment odds depend on your own category, not the headline total. A retail applicant should watch the retail figure, since an issue can be heavily oversubscribed overall while retail stays comfortably covered.
Frequently Asked Questions about IPO Subscription
IPO subscription status shows how many times an issue has been applied for against the shares on offer. A status of 3x means investors have bid for three times the shares available. The exchanges publish it category-wise for QIBs, NIIs and retail investors while the issue is open.
QIB stands for Qualified Institutional Buyers such as mutual funds, insurers and banks. NII means Non-Institutional Investors, often called HNIs, who apply for more than ₹2 lakh. Retail Individual Investors apply for up to ₹2 lakh. Each group has a reserved portion of the issue, so their subscription figures are reported separately.
No. Heavy subscription reflects demand during the offer period, not the company's value. Strongly subscribed IPOs have listed flat or below issue price, and modestly subscribed ones have listed well. Subscription is most useful read alongside the company's financials, its valuation against listed peers, and the risks set out in the offer document.
A Mainboard IPO must receive bids for at least 90% of its fresh issue; if it falls short, the issue is withdrawn and all application money is refunded. An SME IPO is 100% underwritten, so the underwriters must buy any shares investors leave unsubscribed — the issue can still go ahead with less than full investor demand.
The exchanges update bid figures through the day while an issue is open, with demand typically building sharply in the final hours before it closes. The figures on this page come from a twice-daily refresh of that exchange data, so check how recent they are before acting on them.
The more oversubscribed your category, the lower your odds. In the retail category, allotment of at least one lot is decided by a computerised lottery when demand exceeds supply, so applying for more lots does not improve your chance of receiving that first lot.