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IPO Subscription Status

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

Published: 15 July 2026 | 5.59 AM
Last Updated: 15 July 2026 | 8.00 PM

📊 IPO Subscription Pulse | Day 2 Closing

SBI Fund Management IPO continued to attract healthy demand on Day 2, with overall subscription reaching 2.82x. HNI participation remained robust at 6.59x, while the shareholder quota was subscribed 4.00x and the employee portion 2.28x. The issue received 27.64 lakh applications, indicating strong investor interest.

Millworks SME IPO maintained exceptional momentum despite moderate QIB participation. Retail investors subscribed 71.73x and NIIs 68.32x, taking the overall subscription to 50.57x with 1.59 lakh applications. Subscription flow remained steady on the second day.

Alpine Texworld IPO witnessed improving traction on Day 2, with the issue subscribed 0.81x overall. The QIB portion was fully subscribed (1.00x), while retail demand stood at 0.88x. The IPO received 43,732 applications, reflecting stronger participation as the issue progressed.

SBI Fund Management IPO \| D-2 \|
Size Rs 9812.91 Cr. \|
Open 14/07 Close 16/07
QIB	S- HNI	B HNI	HNI	RII	Total
1.50	5.53	7.13	6.59	1.71	2.82
Employee – 2.28x Shareholders – 4.00 x Applications received- 27,64,787

Millworks SME IPO \| D-2 \| Size Rs. 160.34 Cr \|
QIB	NII x	RII x	Total x	Applications
0.22	68.32	71.73	50.57	1,59,065
Outlook-Normal flow of subscriptions on Day 2

Alpine Texworld IPO \| D-2 \|
Size Rs 126.25 Cr. \|
Open 14/07 Close 16/07
QIB	S- HNI	B HNI	HNI	RII	Total
1.00	0.72	0.63	0.66	0.88	0.81
Applications received- 43,732 Strong Subscription trend on the second 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

Adon Agro SME IPO \| Closed \| Size Rs. 44.03 Cr \|
QIB	NII x	RII x	Total x	Applications
22.47	1.24	0.63	1.16	589
Outlook- Few high amount applications in QIB, has pushed up the subscription level, which otherwise is unimpressive.

Aastha Spintex IPO \| D – 3 \| CT
Size Rs 170 Cr. \|
Open 29/06 Close 1/07
QIB	S- HNI	B HNI	HNI	RII	Total
2.33	5.89	7.72	7.11	2.17	4.18
Applications received- 96,256 Not so impressive trend observed on the last day till now.

Crazy Snacks SME IPO \| D-3 \| Size Rs. 94.51 Cr \|
QIB	NII x	RII x	Total x	Applications
4.75	1.08	1.26	1.21	790
Outlook- Very weak trend on the last day . With few large amount applications, the IPO could said through.

CSM Technologies IPO \| Closed \|
Size Rs 145.78 Cr. \|
Open 24/06 Close 29/06
QIB	S- HNI	B HNI	HNI	RII	Total
1.02	1.33	1.65	1.54	1.63	1.37
Applications received- 45,809 Not so impressive trend observed on the last day till now.

Riyaasat LifeStyle SME IPO \| Closed \| Size Rs. 30.77 Cr \|
QIB	NII x	RII x	Total x	Applications
20.33	0.09	0.44	1.32	312
Outlook- Very weak trend on the last day of Subscription

Jivial Industries SME IPO \| Closed \| Size Rs. 31.99 Cr \|
QIB	NII x	RII x	Total x	Applications
–	1.57	0.22	0.93	330
Outlook- Very weak trend on the second day.

Shreedhar Spinners SME IPO \| Closed \| Size Rs. 30.68 Cr \|
QIB	NII x	RII x	Total x	Applications
2.51	14.58	5.71	6.70	3,470
Outlook- Very weak trend on the lastday also.

Waterways Leisure IPO \| Closed \|
Size Rs 585 Cr. \|
Open 23/06 Close 25/06
QIB	S- HNI	B HNI	HNI	RII	Total
0.72	1.83	0.94	1.23	4.40	1.53
Applications received- 1,15,405 Normal trend seen on Day 3

Advit Jewels IPO \| Closed \|
Size Rs 165.16 Cr. \|
Open 23/06 Close 25/06
QIB	S- HNI	B HNI	HNI	RII	Total
174.98	502.07	554.12	536.32	95.11	212.52
Applications received- 32,02,097 Strong trend seen on Day 2

Turtel Fintech IPO \| Closed \|
Size Rs 882.67 Cr. \|
Open 19/06 Close 23/06
QIB	S- HNI	B HNI	HNI	RII	Total
1.63	0.56	0.54	0.55	1.11	1.24
Applications received- 52,935 Normal trend seen on Day 3

Anubhav Plast SME IPO \| Closed \| Size Rs. 24.00 Cr \|
QIB	NII x	RII x	Total x	Applications
1.23	2.49	2.60	2.18	919

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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