INOXCVA IPO Subscription Status
INOXCVA IPO was subscribed 61.28 times when bidding closed on 18 Dec 2023: QIB 147.8x, NII 53.2x, Retail 15.3x.
The Inox India IPO has been subscribed 61.28x times overall. Retail investors have shown interest with bids for 15.3x the shares available. The Non-Institutional Investor (NII) category has been subscribed 53.2x. Within NII, Big HNI (B-HNI) subscribed 56.55x and Small HNI (S-HNI) subscribed 46.52x. Qualified Institutional Buyers (QIBs) have subscribed 147.8x. Data last updated on 10 Nov, 06:23 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 Dec, 2023 and closes on 18 Dec, 2023. The shares are expected to list on stock exchanges on 21 Dec, 2023.
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 - - | 147.8x |
| NII | - of - - | 53.2x |
bHNI — bid amount above ₹10 Lakh |
- - | 56.55 |
sHNI — bid amount ₹2–10 Lakh |
- - | 46.52 |
| Retail | - of - - | 15.3x |
| TOTAL | - - | 61.28x |
Inox India 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 6.5% for a single lot.
Market Sentiment
Strong grey market premium of 79% suggests exceptional listing gains and high bullish sentiment among traders.
Institutional Backing
Massive institutional interest with QIBs subscribing 147.8x. 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 | ||
|---|---|---|---|
|
18 Dec 2023
Day 3 |
61.28x | ▼ | |
|
QIB147.8x
BHNI56.55x
SHNI46.52x
Retail15.3x
|
|||
|
15 Dec 2023
Day 2 |
7.07x | ▼ | |
|
QIB0.17x
BHNI12x
SHNI17.19x
Retail8.17x
|
|||
|
14 Dec 2023
Day 1 |
2.79x | ▼ | |
|
QIB0.04x
BHNI3.85x
SHNI5.99x
Retail3.61x
|
|||
Inox India IPO dates
From the bidding window to listing. Today is 11 November.
- Open 14 Dec 2023
- Close 18 Dec 2023
- Allotment 19 Dec 2023
- Refund/credit 20 Dec 2023
- Listing 21 Dec 2023
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 Inox India IPO?
As of IPO close date (18 Dec, 2023), the Inox India IPO is subscribed 61.28x times. Retail category is 15.3x, and NII is 53.2x subscribed.
When is the allotment date for Inox India IPO?
The allotment for Inox India IPO is expected to be finalized on 19 December, 2023.
What is the GMP of Inox India?
The Grey Market Premium (GMP) for Inox India is currently ₹520, indicating a potential listing gain of 79%.
When will Inox India IPO list on the stock market?
Inox India is scheduled to list on BSE and NSE on 21 December, 2023.
What are the chances of getting allotment in Inox India IPO?
The retail category is oversubscribed at 15.3x, meaning allotment is by lottery. Statistically, approximately 1 in 16 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 147.8x mean for Inox India IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 147.8x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Inox India IPO allotment status?
After the allotment date (19 Dec, 2023), you can check your Inox 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.
Explore Inox India 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.
Subscription moves by the hour. Get it on your phone.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
