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IPO Subscription Status

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Real time demand for an IPO | Retail, HNI & QIB Subscription Dashboard
Published: 1 August 2026 | 5.59 AM
Last Updated: 1 August 2026 | 6.00 AM

📊 IPO Subscription Pulse

G.V. Electricals SME IPO | D-1

The IPO has achieved full subscription on Day 1, supported by healthy participation from QIBs and NIIs. Retail demand is expected to improve further in the remaining subscription period.

Fusion Klassroom SME IPO | D-1

Subscription remained weak across all investor categories on the opening day. The IPO needs significantly stronger participation over the next two days to gain momentum.

Juniper Green Energy IPO | D-2

Retail and HNI participation continues to remain subdued despite decent QIB interest. A strong institutional push on the final day will be crucial for successful subscription.

M.V. Electrosystems IPO | D-2

The IPO has emerged as one of the strongest offerings in the current lot, driven by exceptional retail and HNI demand. The impressive subscription trend indicates a high probability of a premium listing.

Oneindig Technologies SME IPO | D-2

Subscription remains below expectations across most investor categories on Day 2. The IPO requires a sharp improvement in demand on the final day to achieve comfortable subscription.

Dhaval Packaging SME IPO | D-2

Although the issue is fully subscribed, overall subscription momentum remains moderate. Stronger institutional and retail participation on the closing day could improve listing prospects.

Manipal Health IPO | D-3 (Closed)

The IPO closed with healthy overall subscription, supported mainly by strong QIB participation. Retail demand remained around one time, indicating a balanced but not aggressive response.

H.R. Hygiene SME IPO | D-3 (Closed)

The IPO concluded with an excellent subscription across all investor categories, led by exceptionally strong HNI demand. Robust investor interest indicates favourable listing prospects.

G.V. Electricals SME IPO  | D-1 |
Size Rs. 42.25 Cr  |
QIB NII x RII x Total x Applications
3.52 x 2.18 x 1.65 x 2.30 x 974
Outlook- With few large applications from QIBs and NIIs, the IPO appears to be fully subscribed
Fusion Klassrom SME IPO  | D-1 |
Size Rs. 39.04 Cr  |
QIB NII x RII x Total x Applications
0.68 x 0.52 x 0.97 x 0.79 x 512
Outlook- Very weak response on the first day of subscription
Juniper Green IPO | D- 2 |
Size Rs 1800 Cr. |
Open  30/07 Close 3/08
QIB S- HNI B HNI HNI RII Total
1.25 0.17 0.05 0.09 0.23 0.49
Applications received- 77,204
Outlook- Very weak flow of subscriptions in Retail category on Day 2
M.V.Electrosystems IPO | D- 2 |
Size Rs 290 Cr. |
Open  30/07 Close 3/08
QIB S- HNI B HNI HNI RII Total
0.97 23.28 13.49 16.79 42.28 12.79
Applications received- 705,904
Outlook- Impressive flow of subscriptions in Retail category on Day 2
Oneindig SME IPO  | D-2 |
Size Rs. 27.65 Cr  |
QIB NII x RII x Total x Applications
1.04 x 0.45 x 0.79 x 0.79 x 338
Outlook- Very weak response on the second day of subscription
Dhaval Packaging SME IPO  | D-2 |
Size Rs. 36.36 Cr  |
QIB NII x RII x Total x Applications
1.05 x 1.43 x 1.70 x 1.40 x 946
Outlook- Very weak response on the second day of subscription
Manipal Health IPO | D- 3 | Closed
Size Rs 9275,22 Cr. |
Open  29/07 Close 31/07
QIB S- HNI B HNI HNI RII Total
8.54 0.94 1.13 1.06 0.98 5.12
Applications received- 359,136
Outlook- Good flow of subscriptions in Retail category on Day 3
H.R.Hygiene SME IPO  | D-3 | Closed
Size Rs. 53.95 Cr  |
QIB NII x RII x Total x Applications
2.81 x 11.83 x 6.74x 6.65 x 5525
Outlook- Strong response on the first day of subscription
Poojaa Precision SME IPO  | Closed |
Size Rs. 159.83 Cr  |
QIB NII x RII x Total x Applications
206.46x 463.43 x 247.58 x 278.83 x 6,68,217
Outlook- Strong response on the last day of subscription
Advance Technoforge SME IPO  | Closed |
Size Rs. 24.03 Cr  |
QIB NII x RII x Total x Applications
0.00 x 0.43 x 2.68 x 1.55 x 1,472
Outlook- Weak response on the last day of subscription
Propshop SME IPO  | Closed |
Size Rs. 28.57 Cr  |
QIB NII x RII x Total x Applications
1.37 x 1.38 x 1.77 x 1.53 x 854
Outlook- Weak response on the last day of subscription
Silverstronm SME IPO  | Closed |
Size Rs. 82.43 Cr  |
QIB NII x RII x Total x Applications
1.81 x 3.19 x 1.41 x 1.91 x 1821
Outlook- Weak response on the last day of subscription
Lohia Corp IPO | Closed |
Size Rs 1101.28 Cr. |
Open  23/07 Close 27/07
QIB S- HNI B HNI HNI RII Total
9.11 5.77 7.35 6.82 2.78 1.39
Applications received- 191,819
Outlook- Weal flow of subscriptions on Day 3
Indo MIM IPO | Closed |
Size Rs 3811.21 Cr. |
Open  23/07 Close 27/07
QIB S- HNI B HNI HNI RII Total
204.47 36.55 57.69 50.65 6.69 72.37
Applications received- 50,78,889
Outlook- Impressive flow of subscriptions on Day 3
Xtranet Technologies IPO | Closed |
Size Rs 166.80 Cr. |
Open  23/07 Close 27/07
QIB S- HNI B HNI HNI RII Total
7.13 26.53 26.72 26.65 8.98 12.24
Applications received- 330,065
Outlook- Normal flow of subscriptions on Day 3
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