IPO Subscription Status Live from NSE & BSE

Check live NSE & BSE IPO subscription status for current and past IPOs

Mother Nutri Foods Ltd

MNFL

IPO Status

Open

Close Dates

28 Nov '25

Retail (x)

0x

SSMD Agrotech India Ltd

SSMD

IPO Status

Open

Close Dates

27 Nov '25

Retail (x)

1x

K K Silk Mills Ltd

KKSILK

IPO Status

Open

Close Dates

28 Nov '25

Retail (x)

1x

Understanding IPO Subscription Status

What is IPO Subscription Status?

IPO subscription status reflects the overall investor interest in an Initial Public Offering (IPO) by showing how many shares have been applied for during the subscription window. This demand is tracked in real-time and broken down by investor categories such as QIBs, NIIs, and retail investors.

The bidding period for an IPO is usually open for three business days, but this timeframe can change based on the specific offering. During this time, investors can access real-time updates on the IPO subscription status through our platform, Choice FinX, and the official portals of NSE and BSE. Once the bidding period closes, typically on the third day from the IPO opening date, the final subscription data is compiled and published.

How to Check IPO Subscription Status?

To track an IPO's subscription status, investors can visit the official websites of the NSE (National Stock Exchange) or BSE (Bombay Stock Exchange). These platforms provide live updates on how many times an IPO has been subscribed, segmented by investor categories such as QIB, NII, Retail, and Employee.

Additionally, platforms like Choice FinX offer comprehensive, real-time data along with deeper insights into IPO demand trends. By regularly monitoring these sources, investors can better evaluate the level of interest in an IPO and make informed application decisions based on investor participation across different market segments.

Why Is the Latest IPO Subscription Data Important for Investors?

Access to live IPO subscription status provides valuable insights that can significantly influence an investor’s decision-making process. Here’s how:

Evaluates Market Sentiment: Real-time subscription data reflects demand, revealing how the market views the company and its potential.

Informs Investment Strategy: Investors can decide whether to apply aggressively, cautiously, or skip based on category-wise trends.

Optimises Category Selection: Analyse demand across Retail, NII, Employee, etc., to target categories with better allotment odds.

Supports Financial Planning: Subscription levels help assess risk, especially for those applying with borrowed funds.

IPO Subscription Categories

When an IPO opens for public subscription, the total issue is divided into various investor categories:

  1. Qualified Institutional Buyers (QIB): Includes institutional investors like mutual funds, foreign portfolio investors (FPIs), insurance companies, and banks. Their large-volume bids often reflect strong market confidence in the IPO.
    → A portion of at least 50% of a book-built IPO is designated for Qualified Institutional Buyers (QIBs).
  2. Non-Institutional Investors (NII): Also referred to as High Net-Worth Individuals (HNIs), this group consists of investors who apply for shares worth more than ₹2 lakhs. NIIs are not allowed to withdraw or revise their bids on the final day of the IPO.
    → This category is allocated about 15% of the total issue.
  3. Retail Individual Investors (RII): Individuals who apply for shares valued up to ₹2 lakhs are considered retail investors, making this the most common category for the general public.
    → The retail investor category receives a minimum allocation of 35% of the IPO shares in a book-built issue.

Various Factors Affecting IPO Subscription Status

Several factors influence the IPO subscription status, determining how much demand an IPO generates from different investor categories:

  1. Company Fundamentals: Strong financials, a scalable business model, and credible leadership attract higher interest, especially from institutional investors.
  2. Valuation and Pricing: Attractively priced IPOs compared to peers usually see higher demand. Overpriced issues often face lower interest, particularly from retail and NIIs.
  3. Market Sentiment: A bullish market boosts subscription levels, while volatility or bearish trends may dampen investor appetite.
  4. Industry Outlook: IPOs in high-growth sectors like tech, renewables, or finance typically garner stronger interest and better subscription numbers

IPO Subscription Status FAQs

Times subscribed" shows the ratio of shares bid for to the total shares available in an IPO. For instance, a subscription of 3x means investors have requested three times the number of shares being offered. This metric is updated live during the IPO window.

Oversubscription occurs in an IPO when the volume of shares applied for is higher than the number of shares on offer. You can check this on the IPO subscription status live section of the NSE and BSE websites or financial platforms.

A healthy subscription generally ranges between 2x to 5x in the retail category. However, very high demand, especially in the QIB and NII segments (e.g., 10x or more), may signal strong investor confidence and the potential for listing gains. Still, investors should also consider fundamentals, not just subscription numbers.

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