Live IPO Subscription Status and Numbers for 2024
IPO Subscription is the number of times a public issue is subscribed at BSE and NSE while it is open for either 3 working days or 4-5 working days in the case of SME IPO. The investors can place a bid for IPO shares with any of the exchanges (i.e. BSE or NSE).
Table of contents
What is the IPO Subscription status?
It means what and what type of investors are investing in the IPOs. The company subscription numbers decide the IPO’s future demand. Its status/numbers mean the investors subscribed against the offerings.
IPO subscription refers to the process where investors bid for shares in an Initial Public Offering (IPO). The subscription levels indicate the demand for the shares, categorized by investor types such as Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs or HNIs), and Retail Investors.
High subscription rates, particularly from QIBs and HNIs, often suggest strong market interest and potential for the stock to list at a premium. Subscription data, along with Grey Market Premium (GMP), helps investors gauge the IPO’s popularity and make informed decisions on whether to invest.
Why is it important for investors?
- Investors can use subscription data to decide whether to apply for an IPO.
- High subscription numbers typically indicate strong demand, suggesting the stock may list at a higher price.
- This also affects the Grey Market Premium (GMP), reflecting the market’s expectation of listing gains.
- Notably, the subscription levels in the HNI and QIB quotas are often good indicators of potential listing performance.
Current IPO Subscription Status 2024
| IPO Name | QIB | NII | RII | Total |
|---|---|---|---|---|
| Pranik Logistics Open | 0.00 | 1.43 | 8.11 | 4.36 |
| Hyundai Motor Oct 15-17 | 0.00 | 0.00 | 0.00 | 0.00 |
| Lakshya Powertech Oct 16-18 | 0.00 | 0.00 | 0.00 | 0.00 |
| Freshara Agro Exports Oct 17-21 | 0.00 | 0.00 | 0.00 | 0.00 |
| Garuda Construction and Engineering Closed | 1.24 | 9.03 | 10.81 | 7.55 |
| Shiv Texchem Closed | 86.70 | 455.58 | 68.27 | 156.55 |
| Khyati Global Ventures Closed | - | 5.34 | 25.00 | 15.17 |
| Neopolitian Pizza and Foods Closed | - | 20.72 | 42.40 | 32.60 |
| Paramount Dye Tec Closed | 10.22 | 135.31 | 36.26 | 50.09 |
| Subam Papers Closed | 57.18 | 243.16 | 48.97 | 92.93 |
FAQs
The subscription ratio at BSE and NSE reveals the demand for an IPO. An issue is oversubscribed when the subscription ratio surpasses 1.
An IPO oversubscription happens when the demand for shares in an IPO is higher than the number of shares offered to the public as part of the IPO launch. This can happen if a company sets an attractive price or if investors are particularly eager to invest.
To invest in IPO shares, you must first open a Demat account and a trading account. Only Demat accounts are typically required to purchase shares in an IPO. However, if you wish to sell those IPO shares to a secondary market in the future, you will need to open both a Demat account and a trading account.
Investors can withdraw from an IPO anytime while the IPO is open for subscription. The exchange IPO bidding window is open from 10 AM of the issue open date to 5 PM of the issue closure date. Investors can cancel an IPO anytime during this bidding window. Some brokers may have set a specific time for cancellation.
This refers to the minimum percentage of shares that a company must sell to the public by the date of the IPO closure. Currently, the minimum subscription requirement is set at 90%.
A retail investor can invest a maximum of up to Rs 2 lakhs in an IPO.
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