Development Credit Bank IPO Subscription Status
Development Credit Bank IPO was subscribed 35.26 times when bidding closed on 6 Oct 2006: QIB 37.88x, NII 81.98x, Retail 15.09x.
The Development Credit Bank IPO has been subscribed 35.26x times overall. Retail investors have shown interest with bids for 15.09x the shares available. The Non-Institutional Investor (NII) category has been subscribed 81.98x. Qualified Institutional Buyers (QIBs) have subscribed 37.88x. Data last updated on 12 Nov, 08:14 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 29 Sep, 2006 and closes on 06 Oct, 2006. The shares are expected to list on stock exchanges on 27 Oct, 2006.
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.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 37.88x |
| NII | - of - - | 81.98x |
| Retail | - of - - | 15.09x |
| Employee | - of - - | 0.58x |
| TOTAL | - - | 35.26x |
Development Credit Bank IPO allotment probability
Your odds of an allotment in each category at the current subscription.
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
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 6.6% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 37.88x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 1-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
06 Oct 2006
Day 1 |
35.26x | ▼ | |
|
QIB37.88x
BHNI-
SHNI-
Retail15.09x
Employee0.58x
|
|||
Development Credit Bank IPO dates
From the bidding window to listing. Today is 12 November.
- Open 29 Sep 2006
- Close 06 Oct 2006
- Allotment 18 Oct 2006
- Refund/credit TBA
- Listing 27 Oct 2006
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 Development Credit Bank IPO?
As of IPO close date (06 Oct, 2006), the Development Credit Bank IPO is subscribed 35.26x times. Retail category is 15.09x, and NII is 81.98x subscribed.
When is the allotment date for Development Credit Bank IPO?
The allotment for Development Credit Bank IPO is expected to be finalized on 18 October, 2006.
When will Development Credit Bank IPO list on the stock market?
Development Credit Bank is scheduled to list on BSE and NSE on 27 October, 2006.
What are the chances of getting allotment in Development Credit Bank IPO?
The retail category is oversubscribed at 15.09x, meaning allotment is by lottery. Statistically, approximately 1 in 16 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 37.88x mean for Development Credit Bank IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 37.88x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Development Credit Bank IPO allotment status?
After the allotment date (18 Oct, 2006), you can check your Development Credit Bank 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.
Explore Development Credit Bank IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
