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Horizon Reclaim (India) IPO Subscription Status

MV Electrosystems IPO Discussion

IPO Guru Community · 2026-07-25T18:30:03+05:30

MV Electrosystems IPO opens for subscription on 30 Jul 2026 and closes on 03 Aug 2026, aiming to raise ₹290 Cr..

The Horizon Reclaim (India) IPO has been subscribed 282.87x times overall. Retail investors have shown interest with bids for 308.3x the shares available. The Non-Institutional Investor (NII) category has been subscribed 333.79x. Within NII, Big HNI (B-HNI) subscribed 502.94x and Small HNI (S-HNI) subscribed 347.66x. Qualified Institutional Buyers (QIBs) have subscribed 186.72x. Data last updated on 11 Jul, 05:54 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 12 Jun, 2026 and closes on 16 Jun, 2026. The shares are expected to list on stock exchanges on 19 Jun, 2026.

Full Details Check GMP

Live Subscription Data
Day-wise Subscription History
Allotment Probability
What Does This Subscription Data Mean?
Frequently Asked Questions

Total Subscription

282.87 x

2,69,066 applications

QIB 186.72x

NII 333.79x

Retail 308.30x

Live Bidding

Category	Offered	Applied	Applications	Bid Details	TIMES
Anchor Investors	15,23,000	-	-	- of 15,23,000	1x
QIB	10,00,800	18,68,65,200	138	18,68,65,200 of 10,00,800 138 applications	186.72x
1(a) Foreign Institutional Investors (FIIs)	0	3,00,68,400	24	3,00,68,400 24 applications
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)	0	2,53,02,000	10	2,53,02,000 10 applications
1(c) Mutual Funds	0	31,74,000	3	31,74,000 3 applications
1(d) Others	0	12,83,20,800	101	12,83,20,800 101 applications
NII	10,15,200	33,88,62,000	43,868	33,88,62,000 of 10,15,200 43,868 applications	333.79x
2.1 Big NII — bid amount above ₹10 Lakh	5,00,400	25,16,68,800	22,206	25,16,68,800 22,206 applications	502.94
2.1(a) Corporates	0	37,39,200	308	37,39,200 308 applications
2.1(b) Individuals (other than RIIs)	0	24,53,65,200	21,675	24,53,65,200 21,675 applications
2.1(c) Others	0	25,64,400	223	25,64,400 223 applications
2.2 Small NII — bid amount ₹2–10 Lakh	2,50,800	8,71,93,200	21,662	8,71,93,200 21,662 applications	347.66
2.2(a) Corporates	0	6,74,400	171	6,74,400 171 applications
2.2(b) Individuals (other than RIIs)	0	8,53,08,000	21,178	8,53,08,000 21,178 applications
2.2(c) Others	0	12,10,800	313	12,10,800 313 applications
Retail	17,52,000	54,01,44,000	2,25,060	54,01,44,000 of 17,52,000 2,25,060 applications	308.30x
TOTAL	37,68,000	1,06,58,71,200	2,69,066	1,06,58,71,200 2,69,066 applications -	282.87x

Last Updated: 11 Jul 2026, 05:54 PM

Subscription Insights

Retail Allotment

High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 309 applicants will be successful.

Market Sentiment

Strong grey market premium of 72.8% suggests exceptional listing gains and high bullish sentiment among traders.

Institutional Backing

Massive institutional interest with QIBs subscribing 186.72x. This often signals long-term confidence from professional funds.

Day-wise Subscription History

Subscription trends over the last 3 days

Date	Total	QIB	NII	Retail
16 Jun 2026 DAY 3	216.63x	142.65x	336.00x	207.56x
QIB 142.65x NII 336.00x Retail 207.56x
15 Jun 2026 DAY 2	16.37x	7.31x	21.91x	19.16x
QIB 7.31x NII 21.91x Retail 19.16x
12 Jun 2026 DAY 1	5.76x	7.01x	6.34x	4.79x
QIB 7.01x NII 6.34x Retail 4.79x

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Horizon Reclaim (India) IPO Allotment Probability

Retail (up to ₹2 L)

1 in 155

~0.6% chance per PAN — 225,060 applicants for 1,460 allotment slots. Winners get exactly 1 lot (₹1.2 L) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 in 209

~0.5% chance — 21,662 applicants for 104 allotment slots. Lottery allots the minimum S-HNI application of 2 lots (₹2.5 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 in 483

~0.2% chance — 22,206 applicants for 46 allotment slots. Lottery allots the minimum B-HNI application of 9 lots (₹11.1 L) per winner; the rest is proportionate.

QIB (institutions)

186.72x

Proportionate allotment — at 186.72x, institutions receive ~0.5% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.

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:

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.
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.
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.
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 market hours (10 AM – 5 PM IST) on active subscription days.

Frequently Asked Questions

What is the current subscription status of Horizon Reclaim (India) IPO?

As of IPO close date (16 Jun, 2026), the Horizon Reclaim (India) IPO is subscribed 282.87x times. Retail category is 308.30x, and NII is 333.79x subscribed.

When is the allotment date for Horizon Reclaim (India) IPO?

The allotment for Horizon Reclaim (India) IPO is expected to be finalized on 17 June, 2026.

What is the GMP of Horizon Reclaim (India)?

The Grey Market Premium (GMP) for Horizon Reclaim (India) is currently ₹75, indicating a potential listing gain of 72.8%.

When will Horizon Reclaim (India) IPO list on the stock market?

Horizon Reclaim (India) is scheduled to list on BSE and NSE on 19 June, 2026.

What are the chances of getting allotment in Horizon Reclaim (India) IPO?

The retail category is oversubscribed at 308.3x, meaning allotment is by lottery. Statistically, approximately 1 in 309 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 186.72x mean for Horizon Reclaim (India) IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 186.72x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Horizon Reclaim (India) IPO allotment status?

After the allotment date (17 Jun, 2026), you can check your Horizon Reclaim (India) 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.