SME IPO subscriptions at a Glance

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    Indian Emulsifier SME IPO
    Price Rs 132, Lot 1000 Sh, Net Size Rs. 40.26 Cr.
    LM: Ekadrisht Capital Private Limited
    On 13 May 2024 @ 5.00 (Day 1) 
    Review: 
    QIB:         00.04 T
    NII:          07.10 T
    RII:          15.07 T
    Total:      09.07 T
    Application: 16126

    Veritaas Advertising SME IPO
    Price Rs 114, Lot 1200 Sh, Net Size Rs.8.06 Cr.
    LM: Horizon Management Private Limited
    On 13 May 2024 @ 5.00 (Day 1) 
    Review: Good response on Day 1
    QIB:         00.00 T
    NII:          17.62 T
    RII:          42.74 T
    Total:       23.46 T
    Application: 8847

    Mandeep Auto SME IPO
    Price Rs 67, Lot 2000 Sh, Net Size Rs.51.19 Cr.
    LM: Jawa Capital Services
    On 13 May 2024 @ 5.00 (Day 1) 
    Review: Ok response on Day 1
    NII:          00.26 T
    RII:          01.57 T
    Total:      00.92 T
    Application: 1403

    ABS Marine SME IPO
    Price Rs 147, Lot 1000 Shares, Net Size Rs.96.29 Cr.
    LM: GYR Capital Advisors Private Limited
    On 13 May 2024 @ 5.00 (Day 2) 
    Review: Ok response on Day 1
    QIB:         01.28 T
    NII:          06.80 T

    RII:          09.87 T
    Total:      06.76 T
    Application: 21204

    Piotex Industries SME IPO
    Price Rs 94, Lot 1200 Shares, Net Size Rs.13.74 Cr.
    LM: Beeline Capital 
    On 13 May 2024 @ 5.00 (Day 2) 
    Review: So-so response on Day 2
    NII:          01.61 T
    RII:          06.05 T
    Total:      03.87 T
    Application: 4115

    Aztec Fluids SME IPO
    Price Rs 67, Lot 2000 Shares, Net Size Rs.22.90 Cr.
    LM: Hem Securities
    On 13 May 2024 @ 5.00 (Day 2) 
    QIB:          02.85 T
    NII:           19.86 T

    RII:           31.41 T
    Total:        20.78 T
    Application: 20578

    Premier Roadlines SME IPO
    Price Rs 67, Lot 2000 Shares, Net Size Rs.38.32 Cr.
    LM: Hem Securities
    On 13 May 2024 @ 5.00 (Day 2) 
    Review: So-so response on Day 2
    QIB:          02.18 T
    NII:           04.77 T

    RII:           10.90 T
    Total:       07.05 T
    Application: 10926

    Energy Mission SME IPO
    Price Rs 138, Lot 1000 Shares, Net Size Rs.39.08 Cr.
    LM: Hem Securities
    On 10 May 2024 @ 5.00 (Day 2)
    Review: Good response on Day2
    QIB:          02.62 T
    NII:           15.96 T

    RII:            35.27 T
    Total:        21.81 T
    Applications: 34989

    TGIF Agribusiness SME IPO
    Price Rs 93, Lot 1200 Shares, Net Size Rs.6.07 Cr.
    LM: Hem Securities Limited
    On 10 May 2024 @ 5.00 (Day 3) 
    Review: Ok response on Day 3
    NII:          35.35 T
    RII:          32.92 T
    Total:      37.13 T
    Applications: 10906

    Silkflex Polymers SME IPO
    Price Rs 138, Lot 1000 Shares, Net Size Rs.17.18 Cr.
    LM: Shreni Shares
    On 10 May 2024 @ 5.00 (Day 4) 
    Review: Ok response on Day 4
    NII:          36.59 T
    RII:          35.97 T
    Total:      39.30 T
    Applications: 29711

    Fine Listing SME IPO
    Price Rs 123, Lot 1000 Shares, Net Size Rs.12.82 Cr.
    LM: Shreni Shares Limited
    On 9 May 2024 @ 5.00 (Day 3) (Closed)
    Review: Ok response on Day 3
    NII:        521000 Shares    29.85 T
    RII:        521000 Shares    38.96 T
    Total:   1042000 Shares   37.44 T
    Applications: 23784

    Winsol Engineers SME IPO
    Price Rs 75, Lot 1600 Sh, Net Size Rs.22.18 Cr.
    LM: Beeline Capital Service
    On 9 May 2024 @ 5.00 (Day 4) (Closed)
    Review: Strong response from HNIs & RIIs on Day 3
    QIB:        1478400 Shares    207.23 T
    NII:           443520 Shares  1087.81 T
    RII:          1034880 Shares   780.15 T
    Total:       2956800 Shares   682.14 T
    Applications: 504758

    Refractory Shapes SME IPO
    Price Rs 31, Lot 4000 Sh, Net Size Rs.17.66 Cr.
    LM: Shreni Shares Limited
    On 9 May 2024 @ 5.00 (Day 4) (Closed)
    Review: OK ok response on Day 3
    QIB:       2848000 Shares   90.59 T
    NII:          854400 Shares 464.43 T
    RII:        1993600 Shares 259.56 T
    Total:    5696000 Shares 255.08 T
    Applications: 129522

    Slone Infosystem SME IPO
    Price Rs 98, Lot 1200 Sh, Net Size Rs.51.19 Cr.
    LM: Jawa Capital Services
    On 7 May 2024 @ 5.00 (Day 3) (Closed)
    Review: All around Strong response on Day 3
    NII:        664800 Shares  756.88 T
    RII:        664800 Shares  540.80 T
    Total:  1329600 Shares   667.81 T
    Applications: 224973

    Sai Swami SME IPO
    Price Rs 60, Lot 1600 Sh, Net Size Rs.14.23 Cr.
    LM: Swastika Investmart
    On 3 May 2024 @ 5.00 (Day 3) (Closed)
    Review: Impressive response on Day 3
    NII:        1186000 Shares 533.83 T
    RII:        1186000 Shares 529.09 T
    Total:    2372000 Shares 543.72 T

    Amkay Products SME IPO
    Price Rs 55, Lot 2000 Sh, Net Size Rs.51.19 Cr.
    LM: Hem Securities
    On 3 May 2024 @ 5.00 (Day 3) (Closed)
    Review: Impressive response on Day 3
    QIB:      1086000 Shares   173.04 T
    NII:         325800 Shares   987.34 T
    RII:          760200 Shares   973.14 T
    Total:    2172000 Shares   748.03 T

    Storage SME IPO
    Price Rs 78, Lot 1600 Sh, Net Size Rs.28.39 Cr.
    LM: OneView Corporate
    On 3 May 2024 @ 4.00 (Day 3) (Closed)
    Review: Response improved on Day 3
    QIB:      1820000 Shares  117.86 T
    NII:         546000 Shares  577.02 T
    RII:        1274000 Shares  242.74 T
    Total:    3640000 Shares  278.82 T

    Emmforce Autotech SME IPO
    Price Rs 98, Lot 1200 Sh, Net Size Rs.51.19 Cr.
    LM: Beeline
    On 25 April 2024 @ 5.00 (Day 2) (Closed)
    Review: Impressive response on Day 3
    QIB:      2611800 Shares   160.58 T
    NII:         783540 Shares   861.98 T
    RII:        1828260 Shares   267.62 T
    Total:    5223600 Shares   364.37 T

    Shivam Chemicals SME IPO
    Price Rs 44, Lot 3000 Sh, Net Size Rs.20.08 Cr.
    LM: Beeline
    On 25 April 2024 @ 5.00 (Day 3) (Closed)
    Review: Slow subscription trend on D3
    NII:        2282000 Shares     4.33 T
    RII:        2282000 Shares     8.88 T
    Total:    4564000 Shares     6.61 T

    Varyaa Creations SME IPO
    Price Rs 150, Lot 1000 Sh, Net Size Rs.20.10 Cr.
    LM:
    Inventure Merchant Banker
    On 25 April 2024 @ 5.00 (Day 4) (Closed)
    Review: Slow subscription trend on D3
    NII:          635000 Shares     1.08 T
    RII:          635000 Shares     6.09 T
    Total:    1270000 Shares     3.59 T

    Faalcon Concepts SME
    Price Rs 62, Lot 2000 Sh, Net Size Rs.11.48 Cr.
    LM: Navigant Corporate Advisors
    On 23 April 2024 @ 5.00 pm (Day 3) (Closed)
    Review: Good subscription on second day
    NII:          926000 Shares   93.27 T
    RII:          926000 Shares   47.17 T
    Total:    1852000 Shares   71.28 T

    What is IPO Subscription?

    IPO Subscription is the number of times a public issue subscribed at BSE and NSE. The investors can place the bid for IPO shares with any of the exchange (i.e. BSE or NSE). Each exchange provides live IPO subscription status on its website for the bids received by them. At Chanakya, We publish IPO live subscription for the current IPO. We also provide the final bidding detail as of the last day of subscription for all the IPOs.

    A privately held company raises fund and get listed at stock exchanges by offering its shares through Initial Public Offer IPO. Company going public receives bids from investors for shares offered through IPO. In most cases, the IPO receives the bid for more than the number of shares on offer. This means the IPO is over-subscribed.

    How IPO Subscription Data is useful to the Investor?

    Yes, IPO live subscription data matters a lot to investors for the following reasons:

    It shows the demand of the shares. Higher demand usually results in better listing gains.
    Investors choose a category based on the subscription figure i.e. Retail or HNI.
    Some IPO investors take IPO Funding based on the IPO subscription status BSE and NSE.
    The IPO Grey Market rates movement depends on the IPO Subscription Data.
    The latest IPO subscription status provided below is the sum of BSE IPO subscription status and IPO Subscription status NSE.

    Can IPO Subscription affect listing price?

    Yes. As we know IPO subscription is reflection of demand of the shares. Higher the subscription, higher is the demand for an IPO-share. So, the investors are expected to pay higher price a particular share when the demand is high.
    Moreover, higher the demand and more oversubscription, the chances of allotment will get reduced. Lower allotment ratio will increase interest cost for the funds for high NetWorth investors. Since there cost of funds goes up, they will expect higher price for the shares allotted to them. So, subscription data affects the listing price.

    Can IPO subscription affect Grey Market Premium?

    Yes, IPO Subscription can affect Grey Market premium. As we know the IPO subscription is reflection of demand of the IPO-shares. Higher the subscription, higher is the demand of the shares offered in an IPO. High oversubscription will reduce chances of allotment.  So, if a person applied shares of a company WIN with Rs. 1 Cr application and his interest cost is Rs. 15000 and expectation of allotment of 200 shares. So, he anticipated interest cost of Rs. 75 per share. However, the case of higher oversubscription, if he gets only 100 shares, then his interest cost moves up to Rs 150.
    Grey Market premium is based on estimate of listing profits, interest cost etc. So, if the interest cost to allottees goes up, then it will affect the grey market premium.

    Should I study live subscription data?

    No, a normal investor need not study live subscription data. It is waste of time sitting across the screen and studying the live subscription data. If you wish to fix your application size depending on the number of times the IPO is subscribed, even then one should study the subscription figures of last day, around 1 to 2.30 and then decide about your application amount.
    If you are active IPO-investor, then you should study subscription status at the interval of one/two hours or at the end of the day.

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