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IndoStar Capital Finance IPO Subscription Status

IndoStar Capital Finance IPO was subscribed 6.65 times when bidding closed on 11 May 2018: QIB 16.05x, NII 6.91x, Retail 1.17x.

The IndoStar Capital Finance IPO has been subscribed 6.65x times overall. Retail investors have shown interest with bids for 1.17x the shares available. The Non-Institutional Investor (NII) category has been subscribed 6.91x. Qualified Institutional Buyers (QIBs) have subscribed 16.05x. Data last updated on 12 Nov, 03:11 PM.

The IPO subscription period has ended. The issue opened on 09 May, 2018 and closes on 11 May, 2018. The shares are expected to list on stock exchanges on 21 May, 2018.

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, 03:11 PM
Category Bid details Times
QIB - of - - 16.05x
NII - of - - 6.91x
Retail - of - - 1.17x
TOTAL - - 6.65x
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IndoStar Capital Finance IPO allotment probability

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

Retail (up to ₹2 L)
4 out of 5
~85.5% chance per PAN — based on 1.17x subscription. Winners get exactly 1 lot (₹14,872) by SEBI lottery, however many lots you bid.
NII / HNI (above ₹2 L)
1 out of 7
~14.5% chance — lottery allots the minimum application per winner (SEBI NII rule since 2022).
QIB (institutions)
16.05x
Proportionate allotment — at 16.05x, institutions receive ~6.2% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

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 85.5% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 16.05x. This often signals long-term confidence from professional funds.

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
11 May 2018
Day 1
6.65x ▼
QIB16.05x BHNI- SHNI- Retail1.17x

IndoStar Capital Finance IPO dates

From the bidding window to listing. Today is 14 November.

Key dates Listed
  1. Open 09 May 2018
  2. Close 11 May 2018
  3. Allotment 16 May 2018
  4. Refund/credit 17 May 2018
  5. Listing 21 May 2018

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
BNP PARIBAS ARBITRAGE ₹50.00 Cr 9.04%
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED ₹35.00 Cr 6.33%
HDFC STANDARD LIFE INSURANCE COMPANY LIMITED ₹35.00 Cr 6.33%
SBI LIFE INSURANCE CO. LTD ₹35.00 Cr 6.33%
RELIANCE CAPITAL TRUSTEE CO LTD.A/C RELIANCE EQUITY HYBRID FUND ₹25.00 Cr 4.52%
FIDELITY INVESTMENT TRUST FIDELITY SERIES EMERGING MARKETS FUND ₹25.00 Cr 4.52%
NATIONAL WESTMINSTER BANK PLC AS TRUSTEE OF THE JUPITER INDIA FUND ₹25.00 Cr 4.52%
HDFC TRUSTEE COMPANY LTD- HDFC EQUITY SAVINGFUND ₹20.00 Cr 3.62%
SBI EMERGING BUSINESSES FUND ₹20.00 Cr 3.62%
WF ASIAN RECONNAISSANCE FUND LIMITED ₹20.00 Cr 3.62%
MOTILAL OSWAL MIDCAP 30 FUND ₹20.00 Cr 3.62%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITEDA/C ADITYA BIRLA SUN LIFE SMALL AND MIDCAP FUND ₹17.00 Cr 3.07%
SBI CONTRA FUND ₹15.00 Cr 2.71%
HDFC TRUSTEE COMPANY LIMITED - HDFC CAPITAL BUILDER FUND ₹15.00 Cr 2.71%
EAST BRIDGE CAPITAL MASTER FUND I LTD ₹15.00 Cr 2.71%
EDELWEISS ALTERNATIVE INVESTMENT OPPORTUNITIES TRUST - EDELWEISS CROSSOVER OPPORTUNITIES FUND ₹15.00 Cr 2.71%
ICICI LOMBARD GENERAL INSURANCE COMPANY LTD ₹15.00 Cr 2.71%
MAX LIFE INSURANCE CO LTD A/C PARTICIPATINGFUND ₹13.99 Cr 2.53%
JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED- SOUTH ASIA ACCESS FUND ₹10.00 Cr 1.81%
AMUNDI FUNDS SBI FM EQUITY INDIA ₹10.00 Cr 1.81%
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED ₹10.00 Cr 1.81%
MYRIAD OPPORTUNITIES MASTER FUND LIMITED ₹10.00 Cr 1.81%
BAJAJ ALLIANZ LIFE INSURANCE COMPANY LTD. ₹10.00 Cr 1.81%
RELIANCE STRATEGIC INVESTMENTS LIMITED ₹10.00 Cr 1.81%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITEDA/C ADITYA BIRLA SUN LIFE BANKING AND FINANCIAL SERVICES FUND ₹10.00 Cr 1.81%
DALTON INDIA (MASTER) FUND LP ₹8.21 Cr 1.48%
ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITEDA/C ADITYA BIRLA SUN LIFE PURE VALUE FUND ₹8.00 Cr 1.45%
SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP - SERIES II ₹5.32 Cr 0.96%
SUNDARAM MUTUAL FUND A/C SUNDARAM EMERGING SMALL CAP - SERIES I ₹5.11 Cr 0.92%
FIDELITY CENTRAL INVESTMENTS PORTFOLIO LLC- FIDELITY EMERGING MARKETS EQUITY CENTRAL FUND ₹5.00 Cr 0.90%
FIDELITY INVESTMENT TRUST FIDELITY TOTAL EMERGING MARKETS FUND ₹5.00 Cr 0.90%
AURIGIN MASTER FUND LIMITED ₹5.00 Cr 0.90%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICROCAP SERIES VII ₹4.64 Cr 0.84%
SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES III ₹2.35 Cr 0.43%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES I ₹2.29 Cr 0.41%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES II ₹2.24 Cr 0.41%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICROCAP SERIES VIII ₹2.03 Cr 0.37%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES III ₹1.49 Cr 0.27%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES XI ₹1.46 Cr 0.26%
SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM TAX ADVANTAGE FUND - SERIES - III ₹1.44 Cr 0.26%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES XII ₹1.42 Cr 0.26%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICROCAP SERIES IX ₹1.20 Cr 0.22%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICROCAP SERIES X ₹1.03 Cr 0.19%
MAX LIFE INSURANCE COMPANY LIMITED A/C - ULIF01311/02/08LIFEHIGHGR104 - HIGH GROWTH FUND ₹1.00 Cr 0.18%
SUNDARAM MUTUAL FUND A/C SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND - SERIES - VI ₹0.83 Cr 0.15%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES XIV ₹0.76 Cr 0.14%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP SERIES IV ₹0.76 Cr 0.14%
SUNDARAM MUTUAL FUND A/C SUNDARAM SELECT MICRO CAP - SERIES - XVII ₹0.61 Cr 0.11%
TOTAL ₹553.18 Cr 100.04%
View allotment letter PDF →

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 IndoStar Capital Finance IPO?

As of IPO close date (11 May, 2018), the IndoStar Capital Finance IPO is subscribed 6.65x times. Retail category is 1.17x, and NII is 6.91x subscribed.

When is the allotment date for IndoStar Capital Finance IPO?

The allotment for IndoStar Capital Finance IPO is expected to be finalized on 16 May, 2018.

What is the GMP of IndoStar Capital Finance?

The Grey Market Premium (GMP) for IndoStar Capital Finance is currently ₹32.5, indicating a potential listing gain of 6%.

When will IndoStar Capital Finance IPO list on the stock market?

IndoStar Capital Finance is scheduled to list on BSE and NSE on 21 May, 2018.

What are the chances of getting allotment in IndoStar Capital Finance IPO?

The retail category is oversubscribed at 1.17x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 16.05x mean for IndoStar Capital Finance IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 16.05x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check IndoStar Capital Finance IPO allotment status?

After the allotment date (16 May, 2018), you can check your IndoStar Capital 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
6.65x
QIB
16.05x
NII
6.91x
Retail
1.17x
Full IPO details
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