GNA Axles IPO Subscription Status
GNA Axles IPO was subscribed 54.87 times when bidding closed on 16 Sep 2016: QIB 17.18x, NII 217.47x, Retail 11.84x.
The GNA Axles IPO has been subscribed 54.87x times overall. Retail investors have shown interest with bids for 11.84x the shares available. The Non-Institutional Investor (NII) category has been subscribed 217.47x. Qualified Institutional Buyers (QIBs) have subscribed 17.18x. Data last updated on 12 Nov, 03:11 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 14 Sep, 2016 and closes on 16 Sep, 2016. The shares are expected to list on stock exchanges on 26 Sep, 2016.
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 - - | 17.18x |
| NII | - of - - | 217.47x |
| Retail | - of - - | 11.84x |
| Employee | - of - - | 0.31x |
| TOTAL | - - | 54.87x |
GNA Axles 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 8.4% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 17.18x. This often signals long-term confidence from professional funds.
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 | ||
|---|---|---|---|
|
16 Sep 2016
Day 3 |
54.87x | ▼ | |
|
QIB17.18x
BHNI-
SHNI-
Retail11.84x
Employee0.31x
|
|||
|
15 Sep 2016
Day 2 |
2x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail-
|
|||
|
14 Sep 2016
Day 1 |
0.64x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail-
|
|||
GNA Axles IPO dates
From the bidding window to listing. Today is 14 November.
- Open 14 Sep 2016
- Close 16 Sep 2016
- Allotment 21 Sep 2016
- Refund/credit 22 Sep 2016
- Listing 26 Sep 2016
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
| # | Anchor Investor | Group Entity | Amt (₹ cr.) | % Allocated | |
|---|---|---|---|---|---|
| 1 | HDFC TRUSTEE COMPANY LIMITED - HDFC PRUDENCE FUND | HDFC MUTUAL FUND | ₹12.33 Cr | 32.55% | |
| 2 | RELIANCE CAPITAL TRUSTEE COMPANY LIMITED - A/C RELIANCE SMALL CAP FUND | NIPPON INDIA MUTUAL FUND | ₹10.00 Cr | 26.40% | |
| 3 | UTI MUTUAL FUND: UTI-BALANCED FUND | UTI MUTUAL FUND | ₹5.52 Cr | 14.56% | |
| 4 | HDFC TRUSTEE COMPANY LIMITED A/C HDFC CHILDRENS GIFT FUND - INVESTMENT PLAN | HDFC MUTUAL FUND | ₹5.01 Cr | 13.23% | |
| 5 | HDFC TRUSTEE COMPANY LIMITED A/C HDFC RETIREMENT SAVINGS FUND - EQUITY PLAN | HDFC MUTUAL FUND | ₹2.51 Cr | 6.62% | |
| 6 | UTI MUTUAL FUND: UTI-RETIREMENT BENEFIT PENSION FUND | UTI MUTUAL FUND | ₹2.36 Cr | 6.24% | |
| 7 | HDFC TRUSTEE COMPANY LIMITED A/C HDFC RETIREMENT SAVINGS FUND - DEBT PLAN | HDFC MUTUAL FUND | ₹0.15 Cr | 0.39% | |
| TOTAL | ₹37.88 Cr | 99.99% |
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 GNA Axles IPO?
As of IPO close date (16 Sep, 2016), the GNA Axles IPO is subscribed 54.87x times. Retail category is 11.84x, and NII is 217.47x subscribed.
When is the allotment date for GNA Axles IPO?
The allotment for GNA Axles IPO is expected to be finalized on 21 September, 2016.
When will GNA Axles IPO list on the stock market?
GNA Axles is scheduled to list on BSE and NSE on 26 September, 2016.
What are the chances of getting allotment in GNA Axles IPO?
The retail category is oversubscribed at 11.84x, meaning allotment is by lottery. Statistically, approximately 1 in 12 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 17.18x mean for GNA Axles IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 17.18x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check GNA Axles IPO allotment status?
After the allotment date (21 Sep, 2016), you can check your GNA Axles 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 GNA Axles 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.
