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Aavas Financiers IPO Subscription Status

Aavas Financiers IPO was subscribed 0.97 times when bidding closed on 27 Sep 2018: QIB 2.77x, NII 0.26x, Retail 0.25x.

The Aavas Financiers IPO has been subscribed 0.97x times overall. Retail investors have shown interest with bids for 0.25x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.26x. Qualified Institutional Buyers (QIBs) have subscribed 2.77x. Data last updated on 12 Nov, 03:12 PM.

The IPO subscription period has ended. The issue is currently undersubscribed, presenting a higher chance of allotment for applicants. The issue opened on 25 Sep, 2018 and closes on 27 Sep, 2018. The shares are expected to list on stock exchanges on 08 Oct, 2018.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 12 Nov 2026, 03:12 PM
Category Bid details Times
QIB - of - - 2.77x
NII - of - - 0.26x
Retail - of - - 0.25x
TOTAL - - 0.97x
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Aavas Financiers IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
Full allotment
0.25x — undersubscribed. Every valid retail application should be allotted in full.
NII / HNI (above ₹2 L)
Full allotment
0.26x — undersubscribed.
QIB (institutions)
2.77x
Proportionate allotment — at 2.77x, institutions receive ~36.1% of their bid. No lottery; not open to individual investors. Moderate institutional demand.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Currently undersubscribed. Retail investors applying now have a high mathematical probability of receiving full allotment.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
27 Sep 2018
Day 3
0.97x ▼
QIB2.77x BHNI- SHNI- Retail0.25x
26 Sep 2018
Day 2
0.29x ▼
QIB- BHNI- SHNI- Retail-
25 Sep 2018
Day 1
0.04x ▼
QIB- BHNI- SHNI- Retail-

Aavas Financiers IPO dates

From the bidding window to listing. Today is 14 November.

Key dates Listed
  1. Open 25 Sep 2018
  2. Close 27 Sep 2018
  3. Allotment 03 Oct 2018
  4. Refund/credit 04 Oct 2018
  5. Listing 08 Oct 2018

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
AU SMALL FINANCE BANK LIMITED ₹52.23 Cr 10.04%
ABU DHABI INVESTMENT AUTHORITY - BEHAVE ₹28.00 Cr 5.38%
NOMURA FUNDS IRELAND PUBLIC LIMITED COMPANY- NOMURA FUNDS IRELAND - INDIA EQUITY FUND ₹28.00 Cr 5.38%
KOTAK FUNDS - INDIA MIDCAP FUND ₹25.00 Cr 4.81%
BNP PARIBAS ARBITRAGE ₹22.00 Cr 4.23%
WASATCH EMERGING INDIA FUND ₹20.07 Cr 3.86%
DSP BLACKROCK TAX SAVER FUND ₹19.57 Cr 3.76%
HSBC GLOBAL INVESTMENT FUNDS - INDIAN EQUITY ₹18.00 Cr 3.46%
RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE -VALUE FUND ₹16.00 Cr 3.08%
STEINBERG INDIA EMERGING OPPORTUNITIES FUND L ₹15.00 Cr 2.88%
RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE BALANCED ADVANTAGE FUND ₹12.00 Cr 2.31%
KOTAK SMALL CAP FUND ₹12.00 Cr 2.31%
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD. ₹12.00 Cr 2.31%
SBI LIFE INSURANCE CO. LTD ₹12.00 Cr 2.31%
MORGAN STANLEY INDIA INVESTMENT FUND, INC. ₹11.29 Cr 2.17%
MORGAN STANLEY INVESTMENT FUNDS INDIAN EQUITY ₹10.71 Cr 2.06%
SBI SMALL CAP FUND ₹10.00 Cr 1.92%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE SMALL CAP FUND ₹10.00 Cr 1.92%
PI OPPORTUNITIES FUND I ₹10.00 Cr 1.92%
HSBC INDIAN EQUITY MOTHER FUND ₹10.00 Cr 1.92%
SBI DEBT HYBRID FUND ₹8.00 Cr 1.54%
ICICI PRUDENTIAL BANKING AND FINANCIAL SERVIC ₹8.00 Cr 1.54%
AL MEHWAR COMMERCIAL INVESTMENTS LLC - (WANDA ₹7.93 Cr 1.52%
SBI BANKING & FINANCIAL SERVICES FUND ₹7.00 Cr 1.35%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE BANKING AND FINANCIAL SERVICES FUND ₹7.00 Cr 1.35%
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMIT ₹7.00 Cr 1.35%
AMUNDI FUNDS SBI FM EQUITY INDIA ₹7.00 Cr 1.35%
KUWAIT INVESTMENT AUTHORITY FUND 224 ₹7.00 Cr 1.35%
KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD. ₹7.00 Cr 1.35%
IDFC DYNAMIC EQUITY FUND ₹5.50 Cr 1.06%
DSP BLACKROCK INDIA T.I.G.E.R. FUND ₹5.43 Cr 1.04%
TIMF HOLDINGS ₹5.00 Cr 0.96%
IIFL FOCUSED EQUITY FUND ₹5.00 Cr 0.96%
VIC ENTERPRISES PRIVATE LIMITED ₹5.00 Cr 0.96%
BUENA VISTA ASIAN OPPORTUNITIES MASTER FUND L ₹5.00 Cr 0.96%
NOMURA SINGAPORE LIMITED ₹5.00 Cr 0.96%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF ₹4.90 Cr 0.94%
KOTAK TAX SAVER SCHEME ₹4.72 Cr 0.91%
IDFC EQUITY OPPORTUNITY SERIES 6 ₹4.50 Cr 0.87%
SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SM ₹4.25 Cr 0.82%
IDFC LARGE CAP FUND ₹4.00 Cr 0.77%
SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SM ₹3.69 Cr 0.71%
KOTAK INDIA EQ CONTRA FUND ₹3.52 Cr 0.68%
MAX LIFE INSURANCE COMPANY LIMITED A/C - ULIF ₹3.50 Cr 0.67%
SBI RESURGENT INDIA OPPORTUNITIES SCHEME ₹3.00 Cr 0.58%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE RESURGENT INDIA FUND - SERIES 4 ₹3.00 Cr 0.58%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE RESURGENT INDIA FUND - SERIES 5 ₹3.00 Cr 0.58%
SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SM ₹2.62 Cr 0.50%
KOTAK INDIA GROWTH FUND SERIES 4 ₹2.49 Cr 0.48%
KOTAK INDIA GROWTH FUND SERIES 5 ₹2.28 Cr 0.44%
ICICI PRUDENTIAL EQUITY SAVINGS FUND ₹2.00 Cr 0.38%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C ADITYA BIRLA SUN LIFE RESURGENT INDIA FUND - SERIES 3 ₹2.00 Cr 0.38%
ICICI PRUDENTIAL MIDCAP FUND ₹2.00 Cr 0.38%
ICICI PRUDENTIAL REGULAR SAVINGS FUND ₹2.00 Cr 0.38%
MAX LIFE INSURANCE COMPANY LIMITED A/C - ULIF ₹1.75 Cr 0.34%
MAX LIFE INSURANCE COMPANY LIMITED A/C - ULIF ₹1.75 Cr 0.34%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF ₹1.20 Cr 0.23%
SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SM ₹0.98 Cr 0.19%
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF ₹0.90 Cr 0.17%
SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SM ₹0.47 Cr 0.09%
TOTAL ₹520.25 Cr 100.04%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Aavas Financiers IPO?

As of IPO close date (27 Sep, 2018), the Aavas Financiers IPO is subscribed 0.97x times. Retail category is 0.25x, and NII is 0.26x subscribed.

When is the allotment date for Aavas Financiers IPO?

The allotment for Aavas Financiers IPO is expected to be finalized on 03 October, 2018.

What is the GMP of Aavas Financiers?

The Grey Market Premium (GMP) for Aavas Financiers is currently ₹7.5, indicating a potential listing gain of 1%.

When will Aavas Financiers IPO list on the stock market?

Aavas Financiers is scheduled to list on BSE and NSE on 08 October, 2018.

What are the chances of getting allotment in Aavas Financiers IPO?

The retail category is currently undersubscribed at 0.25x, which means most applicants are likely to receive full allotment. This is a good window to apply if you haven't already.

What does QIB subscription of 2.77x mean for Aavas Financiers IPO?

Moderate — QIBs have subscribed 2.77x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Aavas Financiers IPO allotment status?

After the allotment date (03 Oct, 2018), you can check your Aavas Financiers IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
0.97x
QIB
2.77x
NII
0.26x
Retail
0.25x
Full IPO details
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