Live IPO Subscription Status

What is IPO Subscription?

IPO subscription shows the number of shares and the number of people bidding for them. In other words, it's a measure of the number of times the shares offered are subscribed to by investors. Live IPO subscription shows the level of demand and provides vital insights into market sentiment. If subscription numbers exceed the number of shares offered, the IPO is considered oversubscribed.

On the other hand, if an IPO gets fewer bids than the number of shares available, it's said to be undersubscribed. You can check IPO subscriptions for different categories of investors in real time on the BSE and NSE.

How to Check IPO Subscription Status?

You can check IPO subscription status on the NSE and BSE websites. To know all IPO subscription status on the NSE:

• Visit the official website of the NSE
• Click on ‘IPO’ under ‘Primary Markets’ under ‘Market Data’
• Click on the IPO whose subscriptions numbers you want to check the bid details

To check IPO subscription status on the BSE:

• Visit the official website of the BSE
• Choose ‘Public Issues’ under the ‘Menu’ dropdown
• Choose the IPO whose subscription details you want to check
• Click on ‘Cumulative Bid Details’ to know the subscription status

You can also check IPO subscription status on your broker’s platform.

Why is IPO Live Subscription Data Important for Investors?

Live IPO subscription data is important because it reflects the actual demand for a company’s shares during the IPO period. It tells the number of times the issue has been subscribed compared to the total shares available. If the subscription is very high, it means more people are interested in buying the shares. If it happens, it shows strong market confidence.

On the other hand, if the subscription is low, it’s an indication of weak demand. Investors also examine the interest from various groups, including retail investors, qualified institutions, and non-institutional investors. This helps them understand who's backing the IPO. Tracking this data helps investors make informed decisions about whether to apply for shares or avoid the issue. In simple terms, IPO subscription data is akin to a live report card of investor interest.

Why Should You Track the Status of Your IPO Subscriptions?

Note that when you apply for shares in an IPO, you may not always get the full allotment. Sometimes you may get fewer shares or even none. Checking the IPO subscription status helps you know whether you’ve been allotted shares or if your money will be refunded. It also helps you plan your next step.

For instance, if you get the shares, you can prepare yourself to track their listing price on the stock exchange. If you don’t, you can use the refunded amount for other investments. Tracking also gives you peace of mind as you stay updated and avoid confusion. In short, knowing your IPO subscription status keeps you informed, prepared, and in control of your investment decisions.

What are the Different Types of Subscription Categories for an IPO?

When a company goes for an IPO, it offers shares to different types of investors. These groups are called subscription categories. These include:

• Qualified institutional buyers: Qualified institutional buyers are large and experienced investors. These include banks, insurance companies, mutual fund companies, and other financial institutions. They usually invest large amounts in IPOs and are considered more knowledgeable about the market. Their participation gives confidence to small investors because it demonstrates that professionals have faith in the company.
• Non-institutional investors: Also known as non-institutional buyers (NIIs), this group primarily comprises high-net-worth individuals (HNIs) and certain entities that are willing to invest substantial amounts in an IPO. Their applications usually exceed ₹2 lakhs. This sets them apart from retail investors. As they have the ability to commit bigger sums, their participation is seen as a strong indicator of confidence in the company.
• Retail individual investors: Retail individual investors (RIIs) are small investors who invest their personal money in IPOs. They usually apply with smaller amounts compared to QIBs and NIIs.

This category is there to give common people a fair chance to participate in the stock market. Several first-time investors fall under this group. By keeping a separate quota for retail investors, companies ensure wider participation and also make their IPOs inclusive. What are the Various Factors Affecting Subscription Status? Be it SME IPO subscription or mainboard, the various factors affecting subscription status are:

• Company reputation The name and image of the company play a vital role in attracting investors. If a company is well-known, has a trusted brand, and operates in a growing sector, people feel safer investing in it. On the other hand, if it’s relatively unknown or has a controversial image, investors may hesitate to invest in it

• Price band The IPO price band should appear fair in relation to the company’s actual worth and future potential. If the shares are priced too high, investors may feel they are paying more than what the company deserves. However, if the pricing is attractive, more people can subscribe to the IPO.

• Market mood The general condition of the stock market has a significant impact on IPO subscriptions. In a bull run, investors feel more confident and actively apply for new issues. During the bearish phase, investors tend to be cautious and avoid risks.

• Company’s financial performance A company’s financial health and past performance create trust. Consistent growth in revenue, profits, and low debt make the IPO more appealing. On the other hand, if numbers are weak, people may hesitate to invest in it.

• Industry outlook The sector in which the company operates plays a significant role in determining its subscription status. Subscription numbers are higher in a growing industry where investors anticipate good returns. On the other hand, if the industry in which the company operates faces a downturn or regulatory hurdles, subscription numbers tend to decline.