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Excel Infoways IPO Subscription Status

Excel Infoways IPO was subscribed 1.97 times when bidding closed on 17 Jul 2009: QIB 0.49x, NII 5.31x, Retail 2.64x.

The Excel Infoways IPO has been subscribed 1.97x times overall. Retail investors have shown interest with bids for 2.64x the shares available. The Non-Institutional Investor (NII) category has been subscribed 5.31x. Qualified Institutional Buyers (QIBs) have subscribed 0.49x. Data last updated on 12 Nov, 08:16 PM.

The IPO subscription period has ended. The issue opened on 14 Jul, 2009 and closes on 17 Jul, 2009. The shares are expected to list on stock exchanges on 03 Aug, 2009.

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, 08:16 PM
Category Bid details Times
QIB - of - - 0.49x
NII - of - - 5.31x
Retail - of - - 2.64x
TOTAL - - 1.97x
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Excel Infoways IPO allotment probability

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

Retail (up to ₹2 L)
2 out of 5
~37.9% chance per PAN — based on 2.64x subscription. Winners get exactly 1 lot (₹6,800) by SEBI lottery, however many lots you bid.
NII / HNI (above ₹2 L)
1 out of 5
~18.8% chance — lottery allots the minimum application per winner (SEBI NII rule since 2022).
QIB (institutions)
0.49x
Proportionate allotment — at 0.49x, institutions receive ~100% of their bid. No lottery; not open to individual investors. QIBs still building position — they typically flood in after 3 PM on the final day.

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 37.9% for a single lot.

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
17 Jul 2009
Day 1
1.97x ▼
QIB0.49x BHNI- SHNI- Retail2.64x

Excel Infoways IPO dates

From the bidding window to listing. Today is 12 November.

Key dates Listed
  1. Open 14 Jul 2009
  2. Close 17 Jul 2009
  3. Allotment 28 Jul 2009
  4. Refund/credit TBA
  5. Listing 03 Aug 2009

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 Excel Infoways IPO?

As of IPO close date (17 Jul, 2009), the Excel Infoways IPO is subscribed 1.97x times. Retail category is 2.64x, and NII is 5.31x subscribed.

When is the allotment date for Excel Infoways IPO?

The allotment for Excel Infoways IPO is expected to be finalized on 28 July, 2009.

When will Excel Infoways IPO list on the stock market?

Excel Infoways is scheduled to list on BSE and NSE on 03 August, 2009.

What are the chances of getting allotment in Excel Infoways IPO?

The retail category is oversubscribed at 2.64x, meaning allotment is by lottery. Statistically, approximately 1 in 3 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 0.49x mean for Excel Infoways IPO?

QIBs have subscribed 0.49x so far. Institutional participation is still building — expect movement in the final hours of subscription.

How to check Excel Infoways IPO allotment status?

After the allotment date (28 Jul, 2009), you can check your Excel Infoways 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
1.97x
QIB
0.49x
NII
5.31x
Retail
2.64x
Full IPO details
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