IPO Guru
Bajaj
Listed Mainboard

Ethos IPO Subscription Status

Ethos IPO was subscribed 1.39 times when bidding closed on 20 May 2022: QIB 1.86x, NII 1.81x, Retail 1.02x.

The Ethos IPO has been subscribed 1.39x times overall. Retail investors have shown interest with bids for 1.02x the shares available. The Non-Institutional Investor (NII) category has been subscribed 1.81x. Qualified Institutional Buyers (QIBs) have subscribed 1.86x. Data last updated on 10 Nov, 11:32 AM.

The IPO subscription period has ended. The issue opened on 18 May, 2022 and closes on 20 May, 2022. The shares are expected to list on stock exchanges on 30 May, 2022.

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 10 Nov 2026, 11:32 AM
Category Bid details Times
QIB - of - - 1.86x
NII - of - - 1.81x
bHNI — bid amount above ₹10 Lakh
- - 0
sHNI — bid amount ₹2–10 Lakh
- - 0
Retail - of - - 1.02x
TOTAL - - 1.39x
Advertisement

Ethos IPO allotment probability

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

Retail (up to ₹2 L)
1 out of 1
~98% chance per PAN — based on 1.02x subscription. Winners get exactly 1 lot (₹14,926) by SEBI lottery, however many lots you bid.
NII / HNI (above ₹2 L)
1 out of 2
~55.2% chance — lottery allots the minimum application per winner (SEBI NII rule since 2022).
QIB (institutions)
1.86x
Proportionate allotment — at 1.86x, institutions receive ~53.8% 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

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 98% for a single lot.

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
20 May 2022
Day 3
1.39x ▼
QIB1.86x BHNI- SHNI- Retail1.02x
19 May 2022
Day 2
0.44x ▼
QIB0.19x BHNI- SHNI- Retail0.68x
18 May 2022
Day 1
0.27x ▼
QIB- BHNI- SHNI- Retail0.53x

Ethos IPO dates

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

Key dates Listed
  1. Open 18 May 2022
  2. Close 20 May 2022
  3. Allotment 25 May 2022
  4. Refund/credit 26 May 2022
  5. Listing 30 May 2022

Anchor investor allocation

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

Anchor Investor Amt (₹ cr.) % Allocated
ICICI PRUDENTIAL FLEXICAP FUND ₹46.50 Cr 32.82%
JUPITER INDIA FUND ₹32.75 Cr 23.11%
SAINT CAPITAL FUND ₹14.00 Cr 9.88%
COHESION MK BEST IDEAS SUB-TRUST ₹13.68 Cr 9.65%
COEUS GLOBAL OPPORTUNITIES FUND ₹7.00 Cr 4.94%
ALCHEMY LEADERS OF TOMORROW - CLOSED ENDED FUND, SERIES 2 ₹7.00 Cr 4.94%
UPS GROUP TRUST ₹7.00 Cr 4.94%
NOMURA SINGAPORE LIMITED ODI ₹7.00 Cr 4.94%
JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED - SOUTH ASIA ACCESS FUND ₹6.77 Cr 4.78%
TOTAL ₹141.70 Cr 100.00%
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 Ethos IPO?

As of IPO close date (20 May, 2022), the Ethos IPO is subscribed 1.39x times. Retail category is 1.02x, and NII is 1.81x subscribed.

When is the allotment date for Ethos IPO?

The allotment for Ethos IPO is expected to be finalized on 25 May, 2022.

When will Ethos IPO list on the stock market?

Ethos is scheduled to list on BSE and NSE on 30 May, 2022.

What are the chances of getting allotment in Ethos IPO?

The retail category is oversubscribed at 1.02x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 1.86x mean for Ethos IPO?

Moderate — QIBs have subscribed 1.86x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Ethos IPO allotment status?

After the allotment date (25 May, 2022), you can check your Ethos 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 Ethos IPO further

Track every stage of this IPO, from subscription to listing.

IPO Guru App
IPO Guru on Android

Subscription moves by the hour. Get it on your phone.

Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.

Get it on Google Play Join the WhatsApp channel

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

Total
1.39x
QIB
1.86x
NII
1.81x
Retail
1.02x
Full IPO details
Advertisement