IPO Subscription Status page shows you a snapshot of the number of times a public offer of equity shares is subscribed at NSE and BSE, two of the biggest stock exchanges in India. When a given IPO is open for subscription, both exchanges provide live IPO subscription status on their websites. However, investors need to check multiple pages to get a sense of overall demand in the primary market. IPO Central helps in this scenario as we provide subscription details of all mainboard and SME IPOs in one place.
IPO Subscription Status Live
Needless to say, this information is updated on a real time basis so investors get latest IPO subscription status on this page. The IPO live subscription status 2023 provided on this page includes BSE IPO subscription status and NSE IPO Subscription status.
IPO Subscription Categories
In stock market, investors come in all sizes, small and large and this is true for IPOs as well. This creates disparity in the market as even the weakest among financial institutions may have more resources than wealthiest of individual investors. Accordingly, market regulator SEBI has created different categories of investors in stock markets. Generally speaking, there are five categories for IPO subscription i.e. QIB, NII, Retail, Employee, Shareholder categories. Out of these, the first three are most common as not all IPO-bound companies earmark shares for employees.
QIB (Qualified Institutional Buyer) – QIBs include Financial Institutions, FIIs, Mutual Funds and Banks. At least 50% of the shares in an IPO are reserved for QIBs.
NII (Non-Institutional Investor) – NII means Non-Institutional Investors in the IPO. Individual Investors (applying above INR 200,000), NRIs, Body Corporates (Companies) and Trusts are prominent among NII investors. 15% of the offer size is earmarked for NIIs.
RII (Retail Individual Investor) – RII simply mean Individual Investors and NRIs (applying below INR 200,000). Depending on the profitability of the company, either 15% or 35% of the shares in the IPO are reserved for RII.
Why latest IPO subscription status matters?
There are several reasons for investors to keep an eye on IPO live subscription status. Some of these are:
- Investors can prioritize their IPO applications in the case of multiple public offers by keeping a track of latest IPO subscription status.
- Higher demand is generally indicative of potentially better listing gains. It’s a virtuous cycle where expectations of better gains lead to more demand from investors.
- Similarly, grey market prices take a cue or two from IPO subscription levels.
- Depending on the overall demand, HNI investors take a call on IPO funding.
- Retail investors sitting on the fence tend to take cues from HNI and QIB investors as the latter are better equipped with market intelligence and resources.
How long is IPO subscription active?
Mainboard IPOs are generally active for 3 days but this can be increased in the event of the public offer not getting enough demand. The maximum limit for an IPO to remain open for subscription is 10 working days.
IPO Subscription Status FAQs
How many categories of investors are there in IPO subscription?
There are five categories for IPO subscription i.e. QIB, NII, Retail, Employee, Shareholder categories.
How is IPO Subscription status helpful for HNI?
HNI investors fund their IPO application through short-term loans and a high IPO subscription status tells them about the extent of listing gains.
How long is IPO subscription active?
Typically, mainboard IPOs in India remain open for subscription for 3 working days. This timeframe can be increased to a maximum of 10 working days to allow full subscription.
Which is the biggest investor category in IPOs?
QIBs are sold at least 50% of all shares offered in an IPO, making it the biggest among investor categories.
Helpful article! Cjeck