The number of times an initial public offering (IPO) has been subscribed at stock exchanges is referred to as the IPO subscription. Bids for an IPO can be placed with BSE or NSE. Each exchange publishes real-time IPO subscription status on its website for bids received. Separate tracking is maintained for each investor group, such as Institutional, Non-Institutional, Retail, etc., and real-time data is accessible on the Stock Exchange’s website.
The final bid details are available on the last day of the IPO subscription process, despite the fact that the figures fluctuate throughout the subscription process.
Typically, between three and five types of investors participate in an IPO. They include Qualified Institutional Buyer (QIB), NII (Non-Institutional Bidders), Individual Retail Investors, Employees, and Others. The ‘other’ type of investors are Anchor Investors.
When applying for a new IPO, it is essential to know the subscription status. You can comprehend its market demand and predict its listing price – the more the market demand, the higher the potential IPO listing price. Veteran investors and traders frequently examine the retail participation rate in an IPO to determine whether or not to invest in the firm following its listing. The grey market prices of an initial public offering depend on the IPO subscription statistics.
Website of Stock Exchanges
National Stock Exchange (NSE)
Following are the steps to check the IPO subscription status on NSE:
- Visit the NSE India website.
- Under the ‘Market Data’ tab, select ‘New Public Issue’ under the ‘Trade Information’ category.
- The following page will list all the active IPOs.
- Next, select the issue for which you want the subscription information.
- On the following page, you can see the Bid Details: Consolidated Bid Details and NSE Bid Details.
- Consolidated Bids show the total bids received and demand from both NSE and BSE combined.
- NSE Bid details show only the bids placed from NSE.
Bombay Stock Exchange (BSE)
Following are the steps to check the IPO subscription status on BSE:
- Visit the BSE India website.
- Under the menu, select the ‘Public Issues/OFS/SGB’ option.
- On the following page, you can see the list of active IPOs.
- Select the issue for which you want to know the subscription information.
- On the following page, click on ‘Cumulative Demand Schedule’. This figure is the total bids received on both NSE and BSE.
- To know bids on BSE, click on ‘BSE Demand Schedule.’
In addition to NSE and BSE, you can also check IPO subscription data on other third-party websites.