Checking subscription data helps investors understand market sentiment and demand for a company before shares list on the stock exchange. Official numbers are updated multiple times throughout the three-day bidding window.
Tracking Data on Exchanges
Investors can access real-time subscription details directly from official exchange platforms.
- BSE: Users navigate to Public Issues and select Cumulative Bid Details.
- NSE: Users navigate to Market Data or Trade Data to view new public issue bids.
Subscription status is calculated by dividing shares applied for by shares offered. This metric shows how many times an IPO has been oversubscribed.
Understanding Investor Categories
The market divides participants into specific groups with reserved portions of the issue.
- QIBs: Eligible for up to 50% of the issue, including banks and mutual funds.
- NIIs: Reserved for at least 15% of the issue, comprising investors applying for more than ₹2 lakh.
- Retail: Reserved for at least 35% of the issue, with each application limited to ₹2 lakh.
Monitoring these figures helps participants make informed decisions, though high demand does not guarantee positive listing performance.