Read your own category
A retail applicant is competing with retail bidders only. An issue can be forty times subscribed overall and barely covered in the retail category, in which case a retail applicant has a good chance of a full allotment.
IPO Subscription Status by Investor Category
Subscription is the one demand figure with a real source: the exchanges publish it during bidding. These are the category-wise multiples for every issue taking bids, plus the last numbers for issues that have just closed.
Subscription and grey market figures refresh on a 30-minute cycle. Last synced 15 September 2026. They are not a live tick-by-tick feed, so a bidding day can move between refreshes. Confirm current numbers on the exchange websites before you apply.
Open for bidding
One row per issue, categories as columns, highest total first. Retail is the column most readers are in, so it is marked.
The most subscribed open issue is Manika Plastech at 8.78x overall.
Board
| Board | sNII | bNII | ||||
|---|---|---|---|---|---|---|
 Manika PlastechBidding day 6 | Mainboard | 0.82x | 17.27x | 8.34x | 12.23x | 8.78x |
 Century Business MediaBidding day 6 | SME | 3.51x | 0.38x | 0.91x | 0.58x | 1.45x |
 Injecto PolymersBidding day 6 | SME | 1.02x | 0.09x | 1.15x | 0.84x | 0.85x |
 Shakti PolytarpBidding day 3 | SME | — | 0.30x | 2.11x | 0.11x | 0.64x |
 Quanto AgroworldBidding day 3 | SME | — | — | — | 0.04x | 0.02x |
 Vama WovenfabBidding day 3 | SME | — | 0.03x | — | 0.01x | 0.01x |
Tap a column to sort. A dash means the category is not reserved in that issue, which is usual for the non-institutional split on smaller offers. A multiple of 1.00x means bids covered the shares reserved for that category; the retail column is the one that decides your allotment chances if you applied as a retail investor.
Just closed
Final figures for issues whose bidding window has ended and whose allotment is being worked out.
| Issue | Board | QIB | NII | Retail | Total |
|---|---|---|---|---|---|
| Maharaja & Speedex India | SME | 48.82x | 40.32x | 19.65x | 32.41x |
| Panchatv Bharat | SME | 0.00x | 0.39x | 2.42x | 1.40x |
| Veegaland Developers | Mainboard | 19.13x | 19.41x | 9.95x | 14.60x |
| Raksan Transformers | SME | 70.51x | 60.46x | 28.66x | 47.43x |
| Om Galaxy | SME | 5.37x | 1.07x | 0.62x | 2.07x |
| Steamhouse | Mainboard | 46.19x | 46.60x | 17.78x | 32.07x |
| Rentomojo | Mainboard | 177.29x | 67.93x | 15.62x | 72.89x |
| Infrax Renewable | SME | 0.00x | 1.39x | 1.90x | 2.05x |
| Manipal Payment and Identity Solutions | Mainboard | 1.26x | 1.22x | 2.19x | 1.42x |
| Amtech Esters | SME | 15.07x | 32.32x | 28.93x | 25.70x |
These figures are final for the issue. “None” means the category is not reserved in that issue, which is usual for the non-institutional categories on smaller offers.
What the categories actually tell you
One total number hides three different kinds of demand, and only one of them is yours.
Institutions bid before you do
Anchor investors commit a day before the public window opens, and institutions bid in sizes a retail applicant cannot match. Heavy institutional demand lifts the total without telling you anything about retail demand.
Demand is not quality
Subscription measures how many people wanted the shares at the offer price. It does not measure whether the price was sensible. Oversubscribed issues fall below their issue price on listing day, regularly.
Questions people ask
The ones this page raises, answered the same way the rest of the site answers them.
Bids covered exactly the shares reserved for that category. Below 1.00x the category is undersubscribed and everyone who bid within the limit is likely to be allotted. Above it, the category is oversubscribed and allotment is decided by a draw.
The retail row. The total is the headline number news reports use, but it can be carried by institutional demand while retail is barely covered. Your allotment chance depends on the retail category, not the total.
Institutions bid in far bigger sizes and they are allotted a fixed share of the issue, usually half of a mainboard book-built offer. A high institutional multiple says institutions wanted the issue, not that retail applicants will get shares.
Both are non-institutional investors, split by bid size. sNII applies to bids up to ₹10 lakh and bNII to bids above that. The two are allotted a combined share of the issue and are reported separately.
They stop moving at the close and become final. This page shows the last recorded figures, which for a closed issue are the final ones. For an open issue the figures are a snapshot refreshed every 30 minutes, so they can lag the exchange during a bidding day.
No. Subscription measures demand for the shares at the offer price, nothing else. It says nothing about whether the company is worth the price, and a heavily oversubscribed issue can still fall below its issue price on listing day.
Where these numbers come from
These are the most reliable numbers in the section, and the limits are still worth stating.