IPO Subscription Status – Live IPO Demand Tracker
Updated 18 September 2025, 7.00 PM IST
IPO Subscripton status review:
🔹 Eero Pratik (Mainboard) – Not so impressive business or fundamentals and very subscription trend even on the last
🔹 VMS TMT (Mainboard) – 21.76T subscribed on the second day. Huge oversubscription anticipated for this IPO on the last day.
🔹iValue Infosystem (SME) – Reasonably good subscription on Day 1
📌 Next analytical update at 3.01 pm tomorrow, on Chanakya.
👉 Stay connected with Chanakya for real-time subscription status, premium trends, and insider sentiment across all live IPOs.
JD Cables IPO Subscription Status
Day 1 (Closes on 22 September 2025)
| Size Rs.91.19 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 7.20 | 1.24 | 1.68 | 3.15 | 2425 |
| LM- GYR Capital Advisors Subscription Review: good subscription on Day 1 |
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iValue Infosoltion IPO Subscription Status
Day 1 (Closes on 22 September 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 0.00 | 0.16 | 0.36 | 0.23 | 0.46 | 0.48 |
| Applications: 49,987 | |||||
| Subscription Review: Reasonable subscription on Day 1 | |||||
VMS TMT IPO Subscription Status
Day 2 (Closes on 19 September 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 7.47 | 35.12 | 41.53 | 37.26 | 18.99 | 21.76 |
| Applications: 8,28,112 | |||||
| Subscription Review: Excellent response on Day-2 due to very strong business model | |||||
Sampat Aluminium IPO Subscription Status
Day 2 (Closes on 19 September 2025)
| Size Rs.28.51 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 0.90 | 14.75 | 14.08 | 10.47 | 5,442 |
| LM- GYR Capital Advisors Subscription Review: Due to few large NII applications, the IPO appears adequately subscribed |
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Euro Pratik IPO Subscription Status
(Closed on 18 September 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 1.10 | 2.35 | 1.35 | 2.02 | 1.31 | 1.41 |
| Applications: 67,817 | |||||
| Subscription Review: Very weak trend even on last day | |||||
TechD Cybersecurity IPO Subscription Status
Day 3 (Closed on 17 September 2025)
| Size Rs.37.03 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 284.17 | 1279.03 | 726.06 | 718.30 | 492,682 |
| LM- GYR Capital Advisors Subscription Review: Excellent subscription trend on the last day of subscriptions |
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L.T.Elevators IPO Subscription Status
(Closed on 16 September 2025)
| Size Rs.37.40 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 95.10 | 356.16 | 158.90 | 182.95 | 107380 |
| LM- Horizon Management Subscription Review: IPO- subscription trend impressive on the last day |
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Airfloa Railway IPO Subscription Status
(Closed on 15 September 2025)
| Size Rs. 86.53 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 214.65 | 349.88 | 330.31 | 301.52 | 4,14,241 |
| LM- GYR Capital Advisors Subscription Review: Impressive subscription flow on the last day |
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Shrigar Mangalsutra IPO Subscription Status
(Closed on 3 September 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 101.41 | 83.95 | 79.83 | 82.58 | 27.26 | 60.31 |
| Applications: 23,85,416 | |||||
| Subscription Review: Strong subscription trend from NIIs | |||||
Dev Accelerator IPO Subscription Status
(Closed on 12 September 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 20.30 | 78.94 | 106.01 | 87.97 | 164.89 | 64.00 |
| Applications: 14,87,302 | |||||
| Subscription Review: Strong subscription on Day 3 from all categories | |||||
Urban Co. IPO Subscription Status
(Closed on 12 September 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 147.35 | 86.75 | 59.95 | 77.82 | 41.49 | 108.98 |
| Applications: 44,92,426 | |||||
| Subscription Review: Good trend continued on Day 3 | |||||
Jay Ambe IPO Subscription Status
(Closed on 12 September 2025)
| Size Rs.17.52 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 16.79 | 110.24 | 71.39 | 64.13 | 21,336 |
| Subscription Review: Subscription improved on Day3 |
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Galaxy Medicare IPO Subscription Status
(Closed on 12 September 2025)
| Size Rs.21.99 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 1.00 | 1.48 | 2.10 | 1.83 | 1285 |
| Subscription Review: Very poor subscription trend even on Day 3 |
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Taurian MPS IPO Subscription Status
(Closed on 11 September 2025)
| Size Rs.37.41 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 15.89 | 17.37 | 6.86 | 11.69 | 4,378 |
| Subscription Review: Good subscriptions in NII categoryand IPO sailed through |
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Karbonsteel IPO Subscription Status
(Closed on 11 September 2025)
| Size Rs.56.31 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 121.61 | 85.99 | 46.84 | 76.59 | 45,691 |
| Subscription Review: strong subscriptin tally on the last day |
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Nilachal Carbo IPO Subscription Status
(Closed on 11 September 2025)
| Size Rs.53.28 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 4.56 | 5.55 | 5.06 | 7230 | |
| Subscription Review: With few large applications, over all trend appears fully subcribed |
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Krupalu Metals IPO Subscription Status
(Closed on 11 September 2025)
| Size Rs.12.80Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 6.45 | 1.85 | 2.96 | 361 | |
| Subscription Review: With few large applications, over subscription appears to be 2.96T |
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Vashishta Luxury IPO Subscription Status
(Closed on 10 September 2025)
| Size Rs. 8.42 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 1.27 | 2.47 | 2.16 | 2.18 | 479 |
| Subscription Review: Weak trend on Day 4, |
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Sharvaya Metals IPO Subscription Status
(Closed on 9 September 2025)
| Size Rs. 55.86 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 1.28 | 6.09 | 6.31 | 4.83 | 5876 |
| Subscription Review: Few NII applications withdrawn, Weak trend on Day 4 |
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Vigor Plast IPO Subscription Status
(Closed on 9 September 2025)
| Size Rs.23.85 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 3.94 | 7.03 | 2.49 | 3.88 | 1051 |
| Subscription Review: Some improvement observed on the last day |
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Austere Systems IPO Subscription Status
Day 4 (Closes on 9 September 2025)
| Size Rs. 14.78 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 149.87 | 1740.63 | 906.89 | 872.14 | 264,371 |
| Subscription Review: Excellent response on the last day of subscription |
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Goel Construction IPO Subscription Status
(Closed on 4 September 2025)
| Size Rs. 95.14 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 124.20 | 224.80 | 88.61 | 124.34 | 1,77,704 |
| Subscription Review: Good subscription flow continued on the last day |
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Optivalue IPO Subscription Status
(Closed on 4 September 2025)
| Size Rs. 49.19 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 49.24 | 118.82 | 49.64 | 64.45 | 42719 |
| Subscription Review: Strong flow observed on the last day |
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Amanta Healthcare IPO Subscription Status
(Closed on 3 September 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 35.86 | 226.13 | 175.96 | 209.40 | 54.96 | 82.60 |
| Applications: 13,90,775 | |||||
| Subscription Review: Retail portion raised Rs. 2424 Crore, below expectation. GMP weak. |
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Rachit Papers IPO Subscription Status
(Closes on 3 September 2025)
| Size Rs. 31.05 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 1.00 | 1.21 | 2.38 | 1.78 | 803 |
| Subscription Review: Disappointing trend in subscription on Day 3 |
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Snehaa Organics IPO Subscription Status
(Closed on 2 September 2025)
| Size Rs. 31.05 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 123.39 | 351.59 | 172.89 | 198.17 | 107,769 |
| Subscription Review: RII subscription portion improved in th end |
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Sugs Lloyd IPO Subscription Status
Day 3 (Closes on 2 September 2025)
| Size Rs. 81.35 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 2.03 | 5.30 | 2.12 | 3.23 | 5615 |
| Subscription Review: Overall disappointing status |
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Abril Paper IPO Subscription Status
Day 3 (Closes on 2 September 2025)
| Size Rs. 12.74 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 0.00 | 5.51 | 16.79 | 11.20 | 5117 |
| Subscription Review: Overall disappointing status |
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Oval Projects IPO Subscription Status
Day 3 (Closes on 1 September 2025)
| Size Rs. Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 6.21 | 0.82 | 0.83 | 1.61 | 679 |
| Subscription Review: Due to QIB application, the over all 1.61 T subscription appears. Poor Response |
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Anlon Healthcare IPO Subscription Status
(Closed on 29 August 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 1.07 | 7.56 | 16.69 | 10.61 | 47.26 | 7.12 |
| Applications: 334669 | |||||
| Subscription Review: Good subscription trend in RIIs |
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Vikran Eng. IPO Subscription Status
(Closed on 29 August 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 1.04 | 25.78 | 20.93 | 24.16 | 7.79 | 9.37 |
| Applications: 12,80,612 | |||||
| Subscription Review: GMP down to Rs. 5.50 and hence flow of RII application weak |
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Current Infraprojects SME IPO Subscription Status
(Closed on 29 Aug. 2025)
| Size Rs. Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 191.77 | 640.48 | 396.50 | 379.64 | 257,369 |
| Subscription Review: GMP steady at Rs. 400 and hence overall flow is strong |
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Sattvaa Engi. SME IPO Subscription Status
(Closed on 29 Aug. 2025)
| Size Rs. 56.34 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 123.39 | 351.99 | 172.89 | 198.17 | 107769 |
| Subscription Review: Flow of application improved on the last day |
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NIS Management SME IPO Subscription Status
(Closed on 28 Aug. 2025)
| Size Rs. 56.34 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 2.12 | 9.15 | 1.10 | 3.13 | 1528 |
| Subscription Review: Very weak subscription trend. Only with few large applications of QIB and NIIs, the IPO appears to be fully subscribed. Retail portion is only 1.10T at the close. |
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Globtier Infotech SME IPO Subscription Status
(Closed on 28 Aug. 2025)
| Size Rs. 29.43 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| – | 0.63 | 2.04 | 1.34 | 1479 |
| Subscription Review: Weak subscriptions till last hours. GMP turns NIL |
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Anondita Medicare SME IPO Subscription Status
(Closed on 26 Aug. 2025)
| Size Rs. 65.58 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 153.03 | 531.82 | 286.20 | 300.89 | 2,88,034 |
| Subscription Review: Very strong support in the Subscription-flow. Tally sharply improved on the last day |
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Shivshrit Foods SME IPO Subscription Status
(Closed on 26 Aug. 2025)
| Size Rs. 66.51 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 1.59 | 5.16 | 2.65 | 2.89 | 2577 |
| Subscription Review: Very Weak trend on Day 3 |
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Classic Electrodes SME IPO Subscription Status
(Closed on 26 Aug. 2025)
| Size Rs.39.09 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 84.88 | 356.75 | 158.44 | 179.97 | 101,973 |
| Subscription Review: subscription trend improved on Day 3 |
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Arc Insulation SME IPO Subscription Status
(Closed on 25 Aug. 2025)
| Size Rs. 39.13 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 15.12 | 26.84 | 17.27 | 18.71 | 11,373 |
| Subscription Review: Trend improved marginally on the last day |
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Mangal Electricals IPO Subscription Status
(Closed on 22 August 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 11.09 | 20.05 | 19.23 | 19.78 | 5.09 | 9.95 |
| Applications: 447,732 | |||||
| Subscription Review: Subscriptions improved during last 2 hours and yet the overall tally is unimpressive | |||||
Shreeji Shipping IPO Subscription Status
(Closed on 21 August 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 110.41 | 72.86 | 72.37 | 72.70 | 21.92 | 58.08 |
| Applications: 1998,034 | |||||
| Subscription Review: Strong support witnessed even on last day |
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Gem Aromatics IPO Subscription Status
(Closed on 21 August 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 53.76 | 48.48 | 40.91 | 45.96 | 10.49 | 30.45 |
| Applications: 1059,134 | |||||
| Subscription Review: subscription trend improved on last day |
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Vikram Solar IPO Subscription Status
(Closed on 21 August 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 145.10 | 59.58 | 39.46 | 52.87 | 7.98 | 56.42 |
| Applications: 35,06,503 | |||||
| Subscription Review: Weak support from RIIs on the last day |
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Patel Retail IPO Subscription Status
(Closed on 21 August 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 272.14 | 102.09 | 120.17 | 108.11 | 42.55 | 95.69 |
| Applications: 28,00,640 | |||||
| Subscription Review: Strong subscription support from QIBs and HNIs observed |
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LGT Business SME IPO Subscription Status
(Closed on 21 Aug. 2025)
| Size Rs. 26.68 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 0.00 | 0.75 | 1.75 | 1.25 | 1054 |
| Subscription Review: Weak trend on Day 3 |
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Studio LSD SME IPO Subscription Status
(Closed on 20 Aug. 2025)
| Size Rs. 70.53 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 1.00 | 1.25 | 4.58 | 3.23 | 9407 |
| Subscription Review: Retail investors have provided good support on the day 3 |
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Regaal Resources IPO Subscription Status
(Closed on 14 Aug. 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 190.96 | 387.71 | 294.73 | 356.72 | 57.75 | 159.87 |
| Applications: 35,65,292 | |||||
| Subscription Review: Strong subscription trend on the last day seen |
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Mahendra Realtors SME IPO Subscription Status
(Closed on 14 Aug. 2025)
| Size Rs. 46.97 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 43.57 | 27.02 | 25.59 | 25.15 | 29,971 |
| Subscription Review: Good subscription trend on the last day |
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Bluestone Jewellery IPO Subscription Status
(Closed on 13 Aug. 2025)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 0.84 | 0.29 | 0.11 | 0.23 | 0.75 | 0.66 |
| Applications: 58,775 | |||||
| Subscription Review: Very disappointing trend of subscriptions even on the second day |
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Icodex Publishing SME IPO Subscription Status
(Closed on 13 Aug 25)
| Size Rs. 39.93 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| 33.08 | 1.58 | 4.67 | 3.95 | 4105 |
| Subscription Review: Poor subscription on the second day |
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JSW Cement IPO Subscription Status
(Closed on 11 Aug)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 16.71 | 13.29 | 8.24 | 11.60 | 1.91 | 8.22 |
| Applications: 1275003 | |||||
| Subscription Review: Very disappoointing trend of subscriptions even on the last day and poor listing feared |
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All Time Plastics IPO Subscription Status
(Closed on 11 Aug)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 10.30 | 14.60 | 12.84 | 14.01 | 5.36 | 8.62 |
| Applications: 444501 | |||||
| Subscription Review: Retail subscription trend very strong even on lastday |
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Highway Infrastrucure IPO Subscription Status
(Closed on 7 Aug)
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 432.71 | 483.92 | 451.47 | 473.10 | 164.48 | 316.64 |
| Applications: 46,36,029 | |||||
| Subscription Review: Retail subscription trend very strong on the last day |
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Quick Links
Quicklinks
ipo subscription status live bidding data
SME ipo subscription numbers
Mainboard IPO live bidding data
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.
Yes, IPO subscription live bidding 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.
Yes. As we know IPO subscription live bidding data 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.
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.
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This is good step by you. Now we can study subscriptions of all the IPOs and SME ipos at on place . It will be very helpful to all the investors.