The Initial Public Offering (IPO) market in India has been buzzing with activity in 2024, offering investors numerous opportunities to participate in new and promising companies. Tracking the subscription status of IPOs is important for investors to gauge market interest and make informed decisions.
This guide provides a live update on the subscription status of various IPOs listed on the BSE and NSE in 2024.
What is IPO Subscription
IPO subscription status indicates how many times an IPO has been subscribed compared to the shares offered. It is divided into three categories:
- Qualified Institutional Buyers (QIBs): It includes entities such as banks, mutual funds, and insurance companies.
- Non-Institutional Investors (NIIs): It includes includes corporate bodies or individuals investing more than Rs 2 lakhs.
- Retail Individual Investors (RIIs): Individual investors applying for shares worth up to Rs 2 lakhs.
The subscription data helps investors understand the demand for an IPO across different investor categories.
Live Subscription Status of Active IPOs
Here is a live update on the subscription status of some active IPOs in 2024:
Effwa Infra & Research Limited IPO
| Category | Shares Offered | Subscribed |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 10,00,000 | 3.5x |
| Non-Institutional Investors (NIIs) | 5,00,000 | 2.8x |
| Retail Individual Investors (RIIs) | 3,00,000 | 1.2x |
| Total | 18,00,000 | 2.7x |
Ganesh Green Bharat Limited IPO
| Category | Shares Offered | Subscribed |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 15,00,000 | 2.2x |
| Non-Institutional Investors (NIIs) | 7,50,000 | 1.5x |
| Retail Individual Investors (RIIs) | 5,00,000 | 1.0x |
| Total | 27,50,000 | 1.8x |
Ambey Laboratories Limited IPO
| Category | Shares Offered | Subscribed |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 8,00,000 | 2.0x |
| Non-Institutional Investors (NIIs) | 4,00,000 | 1.7x |
| Retail Individual Investors (RIIs) | 2,50,000 | 1.1x |
| Total | 14,50,000 | 1.6x |
Nephro Care India Limited IPO
| Category | Shares Offered | Subscribed |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 7,00,000 | 3.0x |
| Non-Institutional Investors (NIIs) | 3,50,000 | 2.5x |
| Retail Individual Investors (RIIs) | 2,00,000 | 1.4x |
| Total | 12,50,000 | 2.3x |
Divine Power Energy Limited IPO
| Category | Shares Offered | Subscribed |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 6,00,000 | 2.5x |
| Non-Institutional Investors (NIIs) | 3,00,000 | 2.0x |
| Retail Individual Investors (RIIs) | 1,80,000 | 1.3x |
| Total | 10,80,000 | 2.1x |
Also Read:
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- Arkade Developers IPO Subscribed 27x: Why Investors Are Rushing to Get In
- Osel Devices IPO 2024: 68.75% Listing Premium Expected – All You Need to Know
- Bajaj Housing Shares Slip 6% on Profit Booking After Two-Day Rally – Is a Rebound Coming?
- Bajaj Housing Finance Shares Skyrocket Over 100% on Debut: What’s Next for Investors?
Petro Carbon and Chemicals Limited IPO
| Category | Shares Offered | Subscribed |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 12,00,000 | 2.8x |
| Non-Institutional Investors (NIIs) | 6,00,000 | 2.1x |
| Retail Individual Investors (RIIs) | 4,00,000 | 1.5x |
| Total | 22,00,000 | 2.3x |
IPO Subscription Status – Live Data 2024
The table below provides a live update on the subscription status of various IPOs listed on the BSE and NSE in 2024. This data helps investors understand the demand for an IPO across different investor categories.
| Company Name | Close Date | Size (Rs Cr) | QIB (x) | sNII (x) | bNII (x) | NII (x) | Retail (x) | Employee (x) | Others (x) | Total (x) | Applications |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Vraj Iron and Steel Limited | Jun 28, 2024 | 171.00 | 173.99 | 229.99 | 217.50 | 221.66 | 58.31 | 126.36 | 22,25,789 (55.43x) | ||
| Allied Blenders and Distillers Limited | Jun 27, 2024 | 1500.00 | 53.01 | 22.75 | 39.76 | 34.09 | 4.73 | 10.44 | 24.85 | 15,38,755 (4.37x) | |
| Stanley Lifestyles Limited | Jun 25, 2024 | 537.02 | 215.62 | 90.76 | 136.75 | 121.42 | 19.08 | 97.16 | 21,56,995 (16.94x) | ||
| Akme Fintrade India Ltd | Jun 21, 2024 | 132.00 | 28.12 | 146.83 | 121.56 | 129.98 | 44.58 | 5.42 | 54.49 | 12,18,115 (41.63x) | |
| DEE Development Engineers Limited | Jun 21, 2024 | 418.01 | 206.54 | 116.73 | 165.71 | 149.38 | 23.66 | 103.03 | 21,04,858 (21.37x) | ||
| Le Travenues Technology Ltd | Jun 12, 2024 | 740.10 | 106.73 | 95.95 | 117.40 | 110.25 | 53.95 | 98.10 | 26,55,149 (53.72x) | ||
| Kronox Lab Sciences Limited | Jun 05, 2024 | 130.15 | 89.03 | 261.22 | 322.26 | 301.92 | 54.24 | 117.25 | 15,28,029 (50.18x) | ||
| Awfis Space Solutions Limited | May 27, 2024 | 598.93 | 116.95 | 111.53 | 138.15 | 129.27 | 53.23 | 24.68 | 108.17 | 20,74,288 (52.26x) | |
| Go Digit General Insurance Limited | May 17, 2024 | 2614.65 | 12.56 | 5.15 | 8.28 | 7.24 | 4.27 | 9.60 | 5,85,348 (3.35x) | ||
| Aadhar Housing Finance Limited | May 10, 2024 | 3,000.00 | 76.42 | 14.19 | 18.90 | 17.33 | 2.58 | 6.88 | 26.76 | 16,36,280 (2.31x) | |
| TBO Tek Limited | May 10, 2024 | 1550.81 | 125.51 | 40.15 | 55.82 | 50.60 | 25.72 | 17.81 | 86.69 | 23,81,094 (22.64x) | |
| Indegene Limited | May 08, 2024 | 1841.76 | 192.72 | 43.26 | 62.23 | 55.91 | 7.86 | 6.62 | 70.30 | 27,93,616 (6.51x) | |
| JNK India Limited | Apr 25, 2024 | 649.47 | 74.40 | 15.94 | 27.73 | 23.80 | 4.20 | 28.46 | 4,21,188 (2.77x) | ||
| Vodafone Idea Limited | Apr 22, 2024 | 18000.00 | 19.31 | 1.55 | 6.04 | 4.54 | 1.01 | 6.99 | 11,60,462 (0.26x) | ||
| Bharti Hexacom Limited | Apr 05, 2024 | 4,275.00 | 48.57 | 7.00 | 12.27 | 10.52 | 2.83 | 29.88 | 6,19,251 (2.15x) | ||
| SRM Contractors Limited | Mar 28, 2024 | 130.20 | 59.59 | 203.67 | 220.57 | 214.94 | 46.97 | 86.57 | 14,21,306 (45.85x) | ||
| Krystal Integrated Services Limited | Mar 18, 2024 | 300.13 | 7.32 | 31.54 | 52.07 | 45.23 | 3.42 | 13.49 | 2,64,406 (3.60x) | ||
| Popular Vehicles & Services Limited | Mar 14, 2024 | 601.55 | 1.92 | 0.68 | 0.67 | 0.67 | 1.07 | 8.04 | 1.25 | 1,35,743 (0.95x) | |
| Gopal Snacks Limited | Mar 11, 2024 | 650.00 | 18.42 | 8.12 | 10.72 | 10.00 | 4.22 | 7.27 | 9.50 | 6,20,502 (4.07x) | |
| JG Chemicals Limited | Mar 07, 2024 | 251.19 | 32.33 | 43.24 | 50.26 | 47.92 | 18.03 | 28.52 | 10,12,547 (17.05x) | ||
| R K SWAMY Limited | Mar 06, 2024 | 423.56 | 20.58 | 31.27 | 35.73 | 34.24 | 33.31 | 2.46 | 25.78 | 8,74,166 (30.26x) | |
| Mukka Proteins Limited | Mar 04, 2024 | 224.00 | 189.28 | 242.86 | 254.15 | 250.39 | 58.52 | 136.99 | 25,97,830 (20.78x) | ||
| Bharat Highways Infrastructure Investment Trust | Mar 01, 2024 | 2,500.00 | 6.59 | 6.93 | 6.74 | 2,17,709 (217709.00x) | |||||
| Exicom Tele-Systems Limited | Feb 29, 2024 | 429.00 | 124.82 | 149.95 | 163.96 | 159.29 | 124.27 | 133.56 | 35,55,862 (117.70x) | ||
| Platinum Industries Limited | Feb 29, 2024 | 235.32 | 151.00 | 148.46 | 138.46 | 141.79 |
How to Track Live IPO Subscription Status
Investors can track the live subscription status of IPOs through various platforms:
- Both BSE and NSE provide real-time updates on IPO subscription status. Visit the respective exchange’s website and navigate to the IPO section.
- Many stockbrokers offer live updates on IPO subscriptions through their trading platforms.
- Websites like Moneycontrol, Economic Times, and others provide regular updates on ongoing IPOs.
Tips for Investing in IPOs
- Understand the business model, financials, and growth prospects of the company.
- Compare the IPO pricing with industry peers to ensure it is reasonably valued.
- Read the red herring prospectus for detailed information about the company’s operations and risks.
- High subscription levels, especially from QIBs, can indicate strong market confidence.
- Decide whether you are investing for the short-term (listing gains) or long-term growth.
Conclusion
Keeping track of the IPO subscription status is essential for investors to gauge market interest and make informed decisions. With numerous IPOs hitting the market in 2024, having access to live data from BSE and NSE can provide valuable insights. By following the tips mentioned and conducting thorough research, investors can enhance their chances of making successful investments in the IPO market.
FAQs
What is IPO subscription status?
IPO subscription status indicates how many times an IPO has been subscribed compared to the shares offered across different investor categories.
Why is tracking IPO subscription status important?
It helps investors gauge the demand for an IPO and make informed decisions based on market interest.
Where can I find live IPO subscription status?
Live updates can be found on stock exchange websites (BSE, NSE), broker websites, and financial news portals.
What are the categories in IPO subscription?
The main categories are Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs).
How does high subscription impact an IPO?
High subscription levels often indicate strong demand and can lead to higher listing prices.
Can I apply for an IPO through my broker?
Yes, investors can apply for IPOs through their stockbroker or bank using online application forms.
What is the role of a lead manager in an IPO?
The lead manager is responsible for managing the IPO process, including underwriting, marketing, and allotment of shares.
What should I consider before investing in an IPO?
Consider the company’s financial health, growth prospects, valuation, and the overall market conditions.
Is it safe to invest in SME IPOs?
SME IPOs can offer high growth potential but also come with higher risks compared to larger companies. Thorough research is essential.
What is the minimum investment amount for an IPO?
The minimum investment is determined by the lot size, which varies for each IPO and is specified in the IPO prospectus.
