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IPO Subscription Status

Real time demand for an IPO | Retail, HNI & QIB Subscription Dashboard

Published: 24 July 2026 | 5.59 AM
Last Updated: 24 July 2026 | 7.00 PM

📊 IPO Subscription Pulse

Silverstronm SME IPO | D-1
Subscription opened on a muted note, with weak participation across all investor categories. Strong buying interest may be required over the next two days to improve overall demand.

Lohia Corp IPO | D-2
Subscription momentum remains subdued despite decent retail participation. Institutional and HNI demand will be crucial in the final phase of the issue.

Indo MIM IPO | D-2
The IPO has attracted impressive demand, led by strong HNI interest and healthy QIB participation. Subscription trends indicate robust investor confidence ahead of closing.

Xtranet Technologies IPO | D-2
The issue is witnessing steady subscription across investor categories, reflecting normal investor interest. Final-day institutional participation will be key to stronger overall subscription.

Shree Balaji Mala SME IPO | D-3
The IPO closed with outstanding subscription across all categories, supported by exceptional HNI and QIB demand. Strong oversubscription indicates high investor enthusiasm and positive listing expectations.

Silverstronm SME IPO \| D-1 \| Size Rs. 82.43 Cr \|
QIB	NII x	RII x	Total x	Applications
0.00 x	0.55 x	0.50 x	0.36 x	533
Outlook- Weak response on the First day of subscription

Lohia Corp IPO \| D- 2 \|
Size Rs 1101.28 Cr. \|
Open 23/07 Close 27/07
QIB	S- HNI	B HNI	HNI	RII	Total
0.51	0.43	0.41	0.42	1.10	0.59
Applications received- 65,301 Outlook- Weal flow of subscriptions on Day 2

Indo MIM IPO \| D-2 \|
Size Rs 3811.21 Cr. \|
Open 23/07 Close 27/07
QIB	S- HNI	B HNI	HNI	RII	Total
1.11	8.81	8.27	8.45	1.90	3.08
Applications received- 14.43.939 Outlook- Impressive flow of subscriptions on Day 2

Xtranet Technologies IPO \| D-2 \|
Size Rs 166.80 Cr. \|
Open 23/07 Close 27/07
QIB	S- HNI	B HNI	HNI	RII	Total
0.91	2.81	1.77	2.12	2.50	1.96
Applications received- 87,191 Outlook- Normal flow of subscriptions on Day 2

Shree Balaji Mala SME IPO \| D-3 \| Size Rs. 18.90 Cr \|
QIB	NII x	RII x	Total x	Applications
113.55 x	249.47 x	228.24 x	200.34 x	60,040
Outlook- Good response on the last day of subscription

Metalic Technoforge SME IPO \| Closed \| Size Rs. 49.96 Cr \|
QIB	NII x	RII x	Total x	Applications
4.58	17.07	7.00	8.47	6.172
Outlook- Flow of subscriptions has slowed down on Day 2

Gulf Lloyds SME IPO \| Closed \| Size Rs. 18.19 Cr \|
QIB	NII x	RII x	Total x	Applications
–	2.86	18.81	10.84	7,321
Outlook- In spite of negligible premium in the grey market, the flow is satisfactory

Caliber Mining IPO \| Closed \|
Size Rs 450 Cr. \|
Open 17/07 Close 21/07
QIB	S- HNI	B HNI	HNI	RII	Total
253.88	227.37	309.31	281.99	43.40	154.66
Applications received- 38,44,190 Outlook- Good flow of subscriptions on Day 3

Sotefin Bharat SME IPO \| Closed \| Size Rs. 89.76 Cr \|
QIB	NII x	RII x	Total x	Applications
2.82	6.05	3.78	3.99	6,070
Outlook- Flow of subscriptions improved marginally on Day 3

SBI Fund Management IPO \| Closed \|
Size Rs 9812.91 Cr. \|
Open 14/07 Close 16/07
QIB	S- HNI	B HNI	HNI	RII	Total
140.11	15.51	26.01	22.51	3.76	41.73
Employee – 4.65x Shareholders – 9.52 x Applications received- 63,82,532

Millworks SME IPO \| Closed \| Size Rs. 160.34 Cr \|
QIB	NII x	RII x	Total x	Applications
194.05	260.37	216.60	219.54	4.92.473
Outlook-strong subscription on the last day

Alpine Texworld IPO \| Closed \|
Size Rs 126.25 Cr. \|
Open 14/07 Close 16/07
QIB	S- HNI	B HNI	HNI	RII	Total
1.09	1.48	0.90	1.09	1.54	1.40
Applications received- 76,891 Strong Subscription trend on the last day of subscription

Devson SME IPO \| Closed \| Size Rs. 42.34 Cr \|
QIB	NII x	RII x	Total x	Applications
168.56	261.22	244.08	244.08	139,357
Outlook- Good trend on the second day of subscription

Laser Power IPO \| Closed \|
Size Rs 742 Cr. \|
Open 09/07 Close 13/07
QIB	S- HNI	B HNI	HNI	RII	Total
97.25	36.43	50.32	45.69	6.95	41.05
Applications received- 10,53,140 Weak Subscription trend on the last day of subscription

Happy Steel SME IPO \| Closed \| Size Rs. 25.00 Cr \|
QIB	NII x	RII x	Total x	Applications
59.01	113.60	73.25	77.81	28,384
Outlook- Very weak subscription trend on the last day

Kusumgar IPO \| Closed \|
Size Rs 650 Cr. \|
Open 08/07 Close 10/07
QIB	S- HNI	B HNI	HNI	RII	Total
299.51	144.04	189.40	174.28	27.97	135.80
Applications received- 37.19,655 Strong Subscription trend on the last day of subscription

IC Electricals SME IPO \| Closed \| Size Rs. 47.91 Cr \|
QIB	NII x	RII x	Total x	Applications
241.75	764.38	372.50	420.09	3,13,006
Outlook- Strong subscription trend on the last day

Knack Packaging IPO \| Closed \|
Size Rs 439.50 Cr. \|
Open 01/07 Close 03/07
QIB	S- HNI	B HNI	HNI	RII	Total
160.22	112.09	163.11	146.64	21.09	87.17
Applications received- 19,86,651 Subscription trend improved on the last day.

Teja Engineering SME IPO \| Closed \| Size Rs. 37.36 Cr \|
QIB	NII x	RII x	Total x	Applications
–	1.81	0.32	1.37	273
Outlook- Very weak subscription trend on the last day till now.

Atharva Polyplast SME IPO \| Closed \| Size Rs. 27.00 Cr \|
QIB	NII x	RII x	Total x	Applications
3.58	18.97	11.30	10.74	5202
Outlook-

Seemex Resources SME IPO \| Closed \| Size Rs. 19.74 Cr \|
QIB	NII x	RII x	Total x	Applications
17.19	4.08	1.52	3.62	1025
Outlook- Few large amount applications from QIBs pushed up the subscription figure ,otherwise the trend is not so impressive.

Sampark India SME IPO \| Closed\| Size Rs. 27.22 Cr \|
QIB	NII x	RII x	Total x	Applications
1.55	10.11	4.65	4.95	2,110
Outlook- Not so impressive trend on the last day till now.

Vinit Mobile SME IPO \| Closed \| Size Rs. 34.13 Cr \|
QIB	NII x	RII x	Total x	Applications
1.00	0.80	2.18	1.62	1,759
Outlook- Very weak trend on the last day till now.

Kratikal Technologies SME IPO \| Closed \| Size Rs. 39.69 Cr \|
QIB	NII x	RII x	Total x	Applications
145.85	324.64	218.48	220.71	130,220
Outlook- The IPO is crowned as Chanakya Pick and the subscription flow reflects the our IPO-review

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Recently Closed IPOs – Final Subscription Snapshot

IPO	QIB	HNI	Retail	Total	Applications
Mehul Telecom	32.5	79.38	37.41	44.91	18,716
Om Power Transmission	3.41	6.66	1.29	3.05	36,186
Safety Controls – SME</t