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Five-Star Business Finance IPO Subscription Status

Five-Star Business Finance IPO was subscribed 1 times when bidding closed on 11 Nov 2022: QIB 3.51x, NII 0.8x, Retail 0.15x.

The Five-Star Business Finance IPO has been subscribed 1x times overall. Retail investors have shown interest with bids for 0.15x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.8x. Within NII, Big HNI (B-HNI) subscribed 1.01x and Small HNI (S-HNI) subscribed 0.36x. Qualified Institutional Buyers (QIBs) have subscribed 3.51x. Data last updated on 10 Nov, 11:41 AM.

The IPO subscription period has ended. The issue opened on 09 Nov, 2022 and closes on 11 Nov, 2022. The shares are expected to list on stock exchanges on 21 Nov, 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, 11:41 AM
Category Bid details Times
QIB - of - - 3.51x
NII - of - - 0.8x
bHNI — bid amount above ₹10 Lakh
- - 1.01
sHNI — bid amount ₹2–10 Lakh
- - 0.36
Retail - of - - 0.15x
TOTAL - - 1x
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Five-Star Business Finance IPO allotment probability

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

Retail (up to ₹2 L)
Full allotment
0.15x — undersubscribed. Every valid retail application should be allotted in full.
Small HNI (₹2–10 L)
Full allotment
0.36x — undersubscribed. Valid S-HNI bids should be allotted in full.
Big HNI (above ₹10 L)
1 out of 1
~99% chance — based on 1.01x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
3.51x
Proportionate allotment — at 3.51x, institutions receive ~28.5% 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
11 Nov 2022
Day 3
1x ▼
QIB3.51x BHNI1.01x SHNI0.36x Retail0.15x
10 Nov 2022
Day 2
0.32x ▼
QIB1.01x BHNI0.02x SHNI0.04x Retail0.06x
09 Nov 2022
Day 1
0.02x ▼
QIB0.03x BHNI- SHNI0.01x Retail0.03x

Five-Star Business Finance IPO dates

From the bidding window to listing. Today is 10 November.

Key dates Listed
  1. Open 09 Nov 2022
  2. Close 11 Nov 2022
  3. Allotment 16 Nov 2022
  4. Refund/credit 17 Nov 2022
  5. Listing 21 Nov 2022

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 Five-Star Business Finance IPO?

As of IPO close date (11 Nov, 2022), the Five-Star Business Finance IPO is subscribed 1x times. Retail category is 0.15x, and NII is 0.8x subscribed.

When is the allotment date for Five-Star Business Finance IPO?

The allotment for Five-Star Business Finance IPO is expected to be finalized on 16 November, 2022.

What is the GMP of Five-Star Business Finance?

The Grey Market Premium (GMP) for Five-Star Business Finance is currently ₹1.77, indicating a potential listing gain of 0%.

When will Five-Star Business Finance IPO list on the stock market?

Five-Star Business Finance is scheduled to list on BSE and NSE on 21 November, 2022.

What are the chances of getting allotment in Five-Star Business Finance IPO?

The retail category is currently undersubscribed at 0.15x, 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 3.51x mean for Five-Star Business Finance IPO?

Moderate — QIBs have subscribed 3.51x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Five-Star Business Finance IPO allotment status?

After the allotment date (16 Nov, 2022), you can check your Five-Star Business Finance 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
1x
QIB
3.51x
NII
0.8x
bHNI
1.01x
sHNI
0.36x
Retail
0.15x
Full IPO details
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