Latest IPOIPO subscription status today
How many times each open and recently closed IPO has been subscribed, by investor category. 10x means investors bid for ten times the shares on offer. Updated 20 Oct 2026, 6:00 PM IST, refreshed every 30 minutes.
Open IPOs: live subscription
None right now.
Recently closed IPOs
| IPO | Bidding | QIB | NII | Retail | Total |
|---|---|---|---|---|---|
| HD Fire Protect IPO | Closed 15 Oct | 256.65x | 203.21x | 30.49x | 132.21x |
| Vaibhav Vyapaar IPO | Closed 15 Oct | 1.61x | 5.19x | 2.70x | 3.08x |
| Fusion CX IPO | Closed 16 Oct | 4.01x | 4.50x | 5.70x | 4.45x |
| Ravita Engineering Services IPO | Closed 16 Oct | 13.21x | 5.74x | 3.50x | 6.68x |
| Bonfiglioli Transmissions IPO | Closed 19 Oct | 120.78x | 40.40x | 5.91x | 46.13x |
| Sahajanand Medical Technologies IPO | Closed 19 Oct | 34.70x | 14.64x | 3.03x | 14.20x |
| Shellz India IPO | Closed 19 Oct | 41.92x | 50.47x | 56.09x | 50.79x |
| Tonbo Imaging India IPO | Closed 19 Oct | 293.56x | 170.94x | 31.07x | 135.90x |
| Zetwerk Manufacturing Business IPO | Closed 19 Oct | 4.73x | 1.40x | 0.73x | 3.06x |
Opening soon
- Jio Platforms IPO: bidding opens 21 Oct 2026
- Paras Healthcare IPO: bidding opens 21 Oct 2026
- Core4 Engineers IPO: bidding opens 23 Oct 2026
- EAAA India Alternatives IPO: bidding opens 26 Oct 2026
- BLS Polymers IPO: bidding opens 27 Oct 2026
- SFC Environmental Technologies IPO: bidding opens 27 Oct 2026
Subscription vs listing gain
How the 152 IPOs that listed recently did, by how many times they were subscribed overall. Higher demand has usually meant a better listing, but not always.
| Subscribed | IPOs | Listed above issue price | Average listing gain |
|---|---|---|---|
| Under 10x | 74 | 46% | +2.07% |
| 10x to 50x | 23 | 78% | +12.72% |
| 50x to 100x | 18 | 72% | +19.30% |
| 100x and more | 37 | 95% | +50.08% |
What QIB, NII and retail mean
- QIB: qualified institutional buyers, such as mutual funds, banks, insurers and foreign funds.
- NII: non-institutional investors, people and companies applying for more than ₹2 lakh. Also called HNIs.
- Retail: individual investors applying for up to ₹2 lakh.
- Employee and shareholder: separate quotas some IPOs keep for their staff and for shareholders of the parent company.
Read more: IPO subscription status explained.
Frequently asked questions
What does it mean when an IPO is subscribed 10 times?
Investors have bid for ten times the shares on offer. In an oversubscribed IPO not everyone gets shares: retail allotment is done by lottery, so the higher the subscription, the lower your chance.
Which category should a small investor look at?
Retail. It is for individuals who apply for up to ₹2 lakh. NII (non-institutional investors) is for individuals and companies applying for more than ₹2 lakh, and QIB is for banks, mutual funds and other large institutions.
How often is the subscription status updated?
The exchanges publish bids during each bidding day. We refresh the figures every 30 minutes, and the final figures appear after bidding closes on the last day.
Does a high subscription mean a listing gain?
Often, but not always. Strong demand usually lifts the listing price, but market mood on listing day and the IPO’s valuation matter too. See the table above for how recent IPOs did.