Indo SMC IPO Subscription Status
Indo SMC IPO was subscribed 102.83 times when bidding closed on 16 Jan 2026: QIB 94.94x, NII 122.14x, Retail 96.13x.
The Indo SMC IPO has been subscribed 102.83x times overall. Retail investors have shown interest with bids for 96.13x the shares available. The Non-Institutional Investor (NII) category has been subscribed 122.14x. Within NII, Big HNI (B-HNI) subscribed 193.89x and Small HNI (S-HNI) subscribed 107.02x. Qualified Institutional Buyers (QIBs) have subscribed 94.94x. Data last updated on 25 Aug, 12:56 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 Jan, 2026 and closes on 16 Jan, 2026. The shares are expected to list on stock exchanges on 21 Jan, 2026.
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 | 11,12,65,000 of 11,72,000 | 94.94x |
| NII | 14,54,74,000 of 11,91,000 | 122.14x |
bHNI — bid amount above ₹10 Lakh |
11,40,09,000 | 193.89 |
sHNI — bid amount ₹2–10 Lakh |
3,14,65,000 | 107.02 |
| Retail | 19,72,52,000 of 20,52,000 | 96.13x |
| TOTAL | 45,39,91,000 | 102.83x |
Application-wise breakup (estimated)
Approximate application counts — the exchanges don't publish these during bidding. Estimated from shares bid using the typical application size seen in recent IPOs' Basis of Allotment data. Max Applications is the number of allotment slots: one lot per retail winner, and the minimum NII application (the smallest lot count above ₹2 lakh) per sHNI and bHNI winner. Final counts appear here once the Basis of Allotment is out.
| Category | Est. Applied | Times | |
|---|---|---|---|
| bHNI (₹10 L+) max 438 | 15,768 | 36.00x | |
| sHNI (₹2–10 L) max 219 | 14,757 | 67.38x | |
| Retail max 10,26,000 | 4,91,80,651 | 47.93x | |
| TOTAL (EST.) | 4,92,11,176 |
Indo SMC 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
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 97 applicants will be successful.
Institutional Backing
Massive institutional interest with QIBs subscribing 94.94x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 4-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
16 Jan 2026
Day 4 |
16.53x | ▼ | |
|
QIB14.69x
NII24.67x
Retail14.10x
|
|||
|
14 Jan 2026
Day 3 |
1.95x | ▼ | |
|
QIB0.00x
NII1.87x
Retail3.11x
|
|||
|
13 Jan 2026
Day 2 |
0.94x | ▼ | |
|
QIB0.00x
NII0.74x
Retail1.60x
|
|||
|
12 Jan 2026
Day 1 |
1.01x | ▼ | |
|
QIB0.00x
NII1.00x
Retail1.60x
|
|||
Indo SMC SME IPO dates
From the bidding window to listing. Today is 30 October.
- Open 12 Jan 2026
- Close 16 Jan 2026
- Allotment 19 Jan 2026
- Refund/credit 20 Jan 2026
- Listing 21 Jan 2026
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 Indo SMC IPO?
As of IPO close date (16 Jan, 2026), the Indo SMC IPO is subscribed 102.83x times. Retail category is 96.13x, and NII is 122.14x subscribed.
When is the allotment date for Indo SMC IPO?
The allotment for Indo SMC IPO is expected to be finalized on 19 January, 2026.
What is the GMP of Indo SMC?
The Grey Market Premium (GMP) for Indo SMC is currently ₹10, indicating a potential listing gain of 7%.
When will Indo SMC IPO list on the stock market?
Indo SMC is scheduled to list on BSE and NSE on 21 January, 2026.
What are the chances of getting allotment in Indo SMC IPO?
The retail category is oversubscribed at 96.13x, meaning allotment is by lottery. Statistically, approximately 1 in 97 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 94.94x mean for Indo SMC IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 94.94x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Indo SMC IPO allotment status?
After the allotment date (19 Jan, 2026), you can check your Indo SMC 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 Indo SMC SME 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.
