Latest IPO Subscription Status Today | Live Updates

Stay ahead with real-time updates on IPO subscription Status data — including QIB, NII, and Retail categories. Get expert analysis, insights, and trends to make informed investment decisions

What does it mean by IPO Subscription Status?

IPO Subscription Status shows how much demand an IPO receives from investors compared to the shares offered. 

It reflects interest from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail investors during the subscription period.

A higher subscription generally indicates stronger demand, while lower subscription reflects cautious sentiment.

To understand the concept in detail, including how subscription data is divided and why investors track it closely, 

read our detailed guide on What is IPO subscription status and why it matters?

IPO Subscription Status Trend: January 2026

Below is the details of recent IPO subscription trends observed. These commentaries highlight investor participation patterns across retail, NII, and QIB categories to help investors understand market sentiment beyond raw numbers.

1. Modern Diagnostic & Research Centre Subscription Status

The issue received a very healthy subscription of 350.49x. NIIs led the trend with 519.38x subscription, followed by RIIs at 342.40x, and QIBs at 193.51x, which clearly shows strong demand across all categories of investors.

2. Gabion Technologies India Limited Subscription Status

It got 768.12x subscription, which shows strong demand among investors. The subscription was led by NIIs with 1,085.88x subscription, followed by RIIs who subscribed 867.21x, and then QIBs with 271.13x subscription. Overall, for a ₹29.16 crore issue, it received bids worth around ₹22,398 crore, reflecting strong participation across all investor categories.

3. Yajur Fibres Limited Subscription Status

It got a total subscription of 1.31x. RIIs led the subscription with 1.51x, followed by QIBs at 1.03x, while NIIs subscribed 0.93x. Reflect positive response from the investors. 

4. Victory Electric Vehicles Subscription Status

It closed on 9th January 2026 with a cumulative subscription of 0.95x, after receiving 0.26x on Day 1, 0.40x on Day 2, and finally 0.95x on Day 3.

5. Bharat Coking Coal Limited IPO Subscription Status

It was subscribed 26.56× on Day 2, driven mainly by strong NII demand at 77.04× and healthy retail participation at 20.97×. QIB subscription remained subdued at 0.64×, with institutional interest expected to build closer to the closing day.

Day 3- BCCL Bharat Coking Coal Limited received an overall subscription of 98.76x, led by strong demand from NIIs at 203.85x, followed by QIBs at 170.48x and RIIs at 38.23x. Let us see how these numbers unfold on listing day.

6. Defrail Technologies Limited (DTL) IPO Subscription Status

Day 3 – Defrail Technologies Limited (DTL) got subscribed by 98.19x. With strong demand from RIIs at 101.28x subscription, followed by NIIs at 119.38x and QIBs at 71.09x subscription. Let us see how these numbers impact the listing.

7. Narmadesh Brass Industries Limited IPO Subscription Status

It saw 392 applications for 931200 shares on Day 2, indicating muted initial response. Subscription levels remain low, with investor participation expected to improve in the coming days.

On Day 3, the issue received 653 applications against 10,78,080 shares.

8.  Avana Electrosystems Limited IPO Subscription Status

Avana Electrosystems got a 19.99x subscription on Day 2, which shows good demand among investors. 

Day 3 - Avana Electrosystems Limited received a strong 122.65× subscription, driven mainly by robust NII demand, followed by RIIs and QIBs.

9. Indo SMC Limited IPO Subscription Status

Day 1: Indo SMC Limited got subscribed by 0.94x.

Day 2: Indo SMC Limited subscribed 1.98×.

Day 3: Indo SMC Limited was subscribed 102.83×, driven by strong demand from NIIs at 122.14×, followed by QIBs at 94.94× and RIIs at 96.13×. Let us see how these numbers reflect on the listing day.

10. GRE Renew Enertech IPO Subscription Status

Day 1: GRE Renew Enertech got subscribed by 2.10x.

Day 2: GRE Renew Enertech subscribed 2.55×

Day 3: GRE Renew Enertech Limited was subscribed 15.43×, led by NIIs at 18.46×, followed by QIBs at 14.69× and RIIs at 14.10×. Let us see how this demand reflects on the listing day.

11. Amagi Media Labs IPO Subscription Status

Day 1: Amagi Media Labs got subscribed by 0.04x.

Day 2: Amagi Media Labs Limited was subscribed 0.09×.

Day 3: Amagi Media Labs Limited was subscribed 14.40×, led by strong participation from NIIs (25.40×), followed by QIBs (11.41×) and RIIs (6.50×). Let us see how these numbers reflect on the listing day.

12. Armour Security (India) Limited IPO Subscription Status

Day 1: The issue got subscribed by 0.05×.

Day 2: The issue got subscribed by 0.52x

Day 3: Armour Security (India) Limited got subscribed by 1.78x on the final day.

13. Aritas Vinyl Limited IPO Subscription Status

Day 1: Aritas Vinyl got subscribed by 0.44x

Day 2: The issue got subscribed by 1.44x

Day 3: Aritas Vinyl Limited IPO witnessed an overall subscription of 2.15×, led by RIIs (2.88×), followed by NIIs (1.21×), while QIBs were subscribed 1.00×.

14. KRM Ayurveda Limited IPO Subscription Status

Day 1: The issue is subscribed by 1.02x.

Day 2: The issue is subscribed by 3.22x.

Day 3: KRM Ayurveda Limited IPO was subscribed by 64.25x on Day 3, indicating strong investor demand across categories by the close of the issue.

15. Shadowfax Technologies Limited IPO Subscription Status

Day 1: The issue got subscribed by 0.25x.

Day 2: The issue got subscribed by 0.35x .

Day 3: Shadowfax Technologies Limited was subscribed 1.76x, driven primarily by QIB participation at 2.96x. Retail Investors (RIIs) subscribed 0.55x, while Non-Institutional Investors (NIIs) recorded a subscription of 0.18x.

16. Digilogic Systems Limited IPO Subscription Status

Day 1: The issue got subscribed by 0.31x.

Day 2:  The issue got subscribed by 0.42x.

Day 3: Digilogic Systems Limited was subscribed 1.09x. Demand was led by QIBs at 1.60x, followed by Retail Investors (RIIs) at 1.08x, while Non-Institutional Investors (NIIs) subscribed 0.56x.

17. Shayona Engineering Limited (SEL) IPO Subscription Status

Day 1: The issue got subscribed by 0.98x.

Day 2: The issue got subscribed by 1.34x.

Day 3: Shayona Engineering Limited (SEL) was subscribed 5.21x overall. Demand was led by NIIs at 8.08x, followed by RIIs at 3.73x and QIBs at 3.33x.

18. Hannah Joseph Hospital Limited (HJHL) IPO Subscription Status

Day 1: The issue got subscribed by 0.16x.

Day 2: The issue got subscribed by 0.55x.

Day 3: The issue got subscribed by 1.27x.The date is extended one more day to 28.01.2026. 

19. Kasturi Metal Composite Limited IPO Susbscription Status

Day 1: The issue got subscribed by 0.98x.

Day 2: The issue got subscribed by 1.74x.

Day 3: Kasturi Metal Composite Limited was subscribed 16.57x, led by NIIs at 29.06x, followed by RIIs at 16.49x, while QIBs subscribed 4x.

20. Accretion Nutraveda Limited IPO Susbscription Status

Day 1: Accretion Nutraveda got subscribed by 0.19x.

Day 2: Accretion Nutraveda got subscribed by 0.66x.

Day 3:

21. Kanishk Aluminium India Limited IPO Susbscription Status

Day 1: Kanishk Aluminum got subscribed by 

Day 2:

Day 3:

22. Msafe Equipments Limited IPO Susbscription Status

Day 1: Msafe Equipments got subscribed by 2.18x.

Day 2: Msafe Equipments got subscribed by 12.60x.

Day 3:

23. C K K Retail Mart Limited IPO Subscription Status

Day 1: C K K Retail Mart Limited got subscribed by 0.46x.

Investors' Categories in IPO Subscription Status

When checking IPO subscription status, investors are grouped into three categories: QIBs, NIIs, and RIIs. QIBs represent large financial institutions such as mutual fund houses and banks. NIIs include HNIs, NRIs, and corporates applying above the retail limit. RIIs mainly consist of individual retail investors participating in the IPO.

Important Resources and Links:

1. Track all the upcoming, live and closed IPOs with listing gains, P/E value, issue size and all the key details at our IPO calendar page.

2. Get details of grey market premium of all the IPOs at our gmp hub page which is updated regularly.

3. Check the allotment status, registrar of all the IPOs at our IPO allotment status hub page which is updated regularly based on IPOs announcements.

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FAQ on IPO Subscription Status

1. What is IPO subscription status?

IPO subscription status means how shares offered to QIBs, NIIs, and RIIs are being applied for by investors in their respective categories.

For example, if 100 shares are offered in the QIB category and investors apply for 500 shares, then the issue is said to be 5× subscribed in the QIB category. Similarly, if 100 shares are offered in the NII category and applications are received for 100 shares, then the NII portion is 1× subscribed. If 100 shares are offered in the retail category and investors apply for 200 shares, then the retail portion is 2× subscribed.

The overall IPO subscription status is calculated by combining the subscription across all investor categories.

2. How to check IPO subscription status online?

You can check the IPO subscription status at NSE India and/or BSE India website. The links of these websites are for NSE, https://www.nseindia.com/ and for BSE, https://www.bseindia.com/. The subscription status is updated multiple times a day.

3. Where can I see live IPO subscription numbers ?

You can view live IPO subscription numbers on the official websites of NSE India or BSE India, or on both — depending on where the IPO is listed. You just need to know the exchange on which the IPO is available.

4. What is the difference between retail, QIB, and NII subscription in IPOs?

These are different categories of investors in an IPO. QIB stands for Qualified Institutional Buyers, NII stands for Non-Institutional Investors, and Retail refers to individual investors.

Each category is allotted a specific portion of the total shares offered in the IPO. For example, in the ICICI AMC IPO, the total issue size was 3,50,15,691 shares. Out of this, the QIB portion was 93,04,869 shares, the NII portion was 69,78,652 shares, the Retail portion was 1,62,83,521 shares, and the shareholder portion was 24,48,649 shares.

5. Why does IPO subscription status change every day?

An IPO remains open for subscription for a few days (usually for 3 days), and investor participation varies each day across different categories. Until the IPO closes, the subscription numbers keep changing daily.

6. How many days is the IPO subscription open?

Usually, an equity IPO remains open for 3 working days for public subscription. However, in some cases, the duration may be extended or reduced with the approval of the stock exchanges or SEBI.

9. What does an oversubscribed IPO mean?

An IPO is said to be oversubscribed when the number of shares applied for is higher than the number of shares offered.

For example, if 100 shares are offered and investors apply for 200 shares, the IPO is 2× oversubscribed.

An IPO can be oversubscribed overall while still being undersubscribed in certain investor categories. For instance, if an IPO has 100 shares in total, with 70 shares reserved for QIBs, and QIBs apply for only 30 shares, while NIIs and RIIs together apply for 170 shares, the overall IPO would be 2× oversubscribed, even though the QIB portion remains undersubscribed.

10. Does high IPO subscription guarantee listing gains?

A high IPO subscription often reflects strong investor demand for the issue during the subscription period. However, it does not assure or guarantee listing gains.

11. Can I check IPO subscription status on NSE and BSE websites?

Yes, you can check the IPO subscription status on both the NSE and BSE websites. The exchanges usually update the data several times during the day while the IPO is open for subscription.

12. When are IPO subscription numbers updated?

IPO subscription numbers are updated multiple times during the day on the stock exchange websites while the IPO is open for subscription. The updates reflect applications received across different investor categories.

13. Why is subscription status important for investors?

The subscription status of an IPO is important for investors as it provides an indication of demand in different investor categories and helps them understand how competitive the allotment may be.

If an IPO is oversubscribed in a particular category, the chances of allotment may reduce, and investors may receive fewer shares than applied for or, in some cases, may not receive an allotment.

14. What is the minimum subscription required for an IPO to succeed?

In India, an IPO is generally required to receive at least 90% subscription of the shares offered to be considered successful. If this minimum subscription requirement is not met, the IPO may be withdrawn and application money is refunded to investors.

15. How do subscription numbers affect IPO allotment chances?

IPO allotment is done category-wise, such as QIB, NII, and Retail. If a category is subscribed five times, it means investors have applied for five times the number of shares offered in that category. As a result, not all applicants will receive full allotment, and some may receive fewer shares or no allotment at all.

In general, higher subscription levels reduce the probability of allotment within that category.

16. Can I track IPO subscription status category-wise (Retail, HNI, QIB)?

Yes, you can check the category-wise IPO subscription status on the official websites of NSE India and BSE India. The numbers are updated multiple times throughout the day while the IPO is open for subscription.