IPO subscription status is one of the most watched indicators during an ongoing IPO. This page covers live and updated subscription figures for all active IPOs. It shows how much demand each IPO is attracting from retail, QIB or NII categories. So below is what it means, how it is calculated, and why it changes every few hours. You can current IPOs open for subscription and review IPO GMP trends to understand investor demand better.
Live IPO Subscription Status β Updated Category-Wise Data
IPO Subscription Status
| IPO Name | QIB | NII - BHNI | NII - SHNI | NII | RETAIL | Employees | Total Subs | Update |
|---|---|---|---|---|---|---|---|---|
| Hannah Joseph Hospital BSE SME | 0.63 | 2.01 | .18 | 1.04 | .22 | - | .55 | 25 Jan 14:00 |
| Shayona Engineering BSE SME | 3.33 | 2.88 | .30 | 1.57 | 1.18 | - | 1.34 | 25 Jan 14:00 |
| Digilogic Systems BSE SME | 1.6 | .69 | .86 | .56 | 1.08 | - | 1.09 | 25 Jan 14:00 |
| Shadowfax Technologies IPO | 3.81 | .63 | 1.26 | .84 | 2.31 | 2.07 | 2.72 | 25 Jan 13:00 |
What Is IPO Subscription Status? Meaning, Example & How Itβs Calculated
Let’s understand this by an example. A company offers 10 lakh shares to public but receives bids for 30 lac shares, then the IPO is said to be subscribed 3 times, that is 3x.
Now in simple terms, IPO subscription status indicates how many times an IPO has been subscribed by different categories of investors (QIB, NII, retail investors) compared to the total number of shares offered during the IPO bidding period.
This data is updated daily while the IPO is open for subscription. It helps investors in measuring the demand and popularity of an issue in real time. You can also cross-reference with IPO GMP insights.
Types of Investors in an IPO β QIB, NII/HNI, Retail & Other Categories
When an IPO is launched by a company, different types of investors bid for shares but everyone does not fall in the same category. SEBI divides investors into specific groups, each with its own role and behaviour during bidding process.
- Qualified Institutional Buyers (QIBs) – These are the big players. Mutual funds, insurance companies, banks, and foreign institutional investors fall in this category. They have access to deep research and have large capital base. When they show interest in an IPO, it usually boosts confidence in that company.
- Non-Institutional Investors /High Net Worth Investors (NII/HNI) – These types of investors apply for shares worth more than 2 lakh. Many times it is seen that they generally bid aggressively in final hour of IPO. Also, they use multiple accounts or funding to maximize their allotment chances. Their aggressive bidding can quickly lift overall subscription number.
- Retail Individual Investors (RII) – Small investors applying up to 2 lakh are part of this group. Their participation shows how much interest IPO is getting from retail investor.
- Employee & Shareholder Quota – Some companies also reserve a portion of issue for their employees and existing shareholders. And sometimes company give small discount.
This category-wise subscription data helps you understand, where demand is coming from. Each category’s subscription level affects overall IPO demand. and it can influence allotment chances and listing day performance.
Why IPO Subscription Status Fluctuates Daily β Real-Time Bidding & Market Drivers
IPO subscription status is not static. It changes multiple times during the IPO bidding period. Here are some reason :
- Bidding window : IPOs generally open for 3 days. During this time, any investor can modify or cancel their bid.
- Institutional bids : QIB bids often come on the last day, which dramatically increases overall subscription ratios.
- Price band perception : When investors find the price band attractive, demand rises quickly.
- Market sentiment : When the market is bullish, more investors bid and apply. But if it turns weak, applications slow down.
So these are some of the factors.
Never judge an IPO early. Subscription status can jump from 2x to 50x in a few hours on the final bidding day.
Monitor live figures above and check investor sentiment with IPO GMP to understand demand patterns.
Major Factors Driving IPO Subscription Demand β GMP, Valuation, Sector & Anchor Strength
How many times an IPO is subscribed depends on many factors. Let’s see the key factors that drive it
- Grey Market Premium (GMP) : A rising GMP before listing creates confidence among investors. Thus the more investor wish to submit the application.
- Valuation & Price Band Attractiveness : If an IPO is reasonably priced in comparison to its competitors. In that case, investors see greater upside potential and willing to apply. However, IPOs that are overpriced generally obtain fewer subscriptions
- Sector Strength & Industry Outlook : If a company operates in trending or high-growth sectors like fintech, defense, or renewable energy, it naturally attracts more bids.
- Anchor Investor Participation : If there is Strong demand from anchor investors ( like mutual funds or FII ), it boost credibility of an issue. And also it encourages others to join in.
- Market sentiment : If the market is bullish, it encourages high participation. However, when the market is weak or unstable, investors become cautious and subscription levels decline.
Check live IPO GMP for market sentiment. Valuation, sector performance, and anchor investor participation can also be reviewed in our IPO review & company fundamentals pages.
πFor live IPO updates and allotment info, visit our Current IPO and IPO Allotment Status pages.
IPO Subscription FAQs – Live Updates, Retail/QIB Ratios, Oversubscription & Allotment Impact Explained
Sunny Kumar
A dedicated team of financial analysts with extensive experience in IPO research, subscription analysis, allotment tracking, and interpretation of publicly available disclosures from SEBI, NSE, and BSE. Read more about our Research Team here.
Disclaimer: Subscription status is informational only. Data may change rapidly and should not
be used as a basis for investment decisions. Verify all information from official sources.
Read our full Disclaimer.