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JSW Infrastructure IPO Subscription Status

JSW Infrastructure IPO was subscribed 39.36 times when bidding closed on 27 Sep 2023: QIB 60.12x, NII 16.83x, Retail 10.87x.

The JSW Infrastructure IPO has been subscribed 39.36x times overall. Retail investors have shown interest with bids for 10.87x the shares available. The Non-Institutional Investor (NII) category has been subscribed 16.83x. Within NII, Big HNI (B-HNI) subscribed 17.94x and Small HNI (S-HNI) subscribed 14.62x. Qualified Institutional Buyers (QIBs) have subscribed 60.12x. Data last updated on 10 Nov, 06:13 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 25 Sep, 2023 and closes on 27 Sep, 2023. The shares are expected to list on stock exchanges on 03 Oct, 2023.

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 10 Nov 2026, 06:13 PM
Category Bid details Times
QIB - of - - 60.12x
NII - of - - 16.83x
bHNI — bid amount above ₹10 Lakh
- - 17.94
sHNI — bid amount ₹2–10 Lakh
- - 14.62
Retail - of - - 10.87x
TOTAL - - 39.36x
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JSW Infrastructure IPO allotment probability

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

Retail (up to ₹2 L)
1 out of 10
~9.2% chance per PAN — based on 10.87x subscription. Winners get exactly 1 lot (₹14,994) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
1 out of 14
~6.8% chance — based on 14.62x subscription. Lottery allots the minimum S-HNI application of 14 lots (₹2.1 L) per winner; bidding bigger doesn't improve odds.
Big HNI (above ₹10 L)
1 out of 17
~5.6% chance — based on 17.94x subscription. Lottery allots the minimum NII application of 14 lots (₹2.1 L) per winner, the same as S-HNI; any shares left over are allotted proportionately.
QIB (institutions)
60.12x
Proportionate allotment — at 60.12x, institutions receive ~1.7% 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 9.2% for a single lot.

Institutional Backing

Massive institutional interest with QIBs subscribing 60.12x. 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
27 Sep 2023
Day 3
39.36x ▼
QIB60.12x BHNI17.94x SHNI14.62x Retail10.87x
26 Sep 2023
Day 2
2.15x ▼
QIB0.55x BHNI3.77x SHNI3.57x Retail4.55x
25 Sep 2023
Day 1
0.43x ▼
QIB0.03x BHNI0.6x SHNI0.6x Retail1.38x

JSW Infrastructure IPO dates

From the bidding window to listing. Today is 11 November.

Key dates Listed
  1. Open 25 Sep 2023
  2. Close 27 Sep 2023
  3. Allotment 28 Sep 2023
  4. Refund/credit 28 Sep 2023
  5. Listing 03 Oct 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 JSW Infrastructure IPO?

As of IPO close date (27 Sep, 2023), the JSW Infrastructure IPO is subscribed 39.36x times. Retail category is 10.87x, and NII is 16.83x subscribed.

When is the allotment date for JSW Infrastructure IPO?

The allotment for JSW Infrastructure IPO is expected to be finalized on 28 September, 2023.

What is the GMP of JSW Infrastructure?

The Grey Market Premium (GMP) for JSW Infrastructure is currently ₹15, indicating a potential listing gain of 13%.

When will JSW Infrastructure IPO list on the stock market?

JSW Infrastructure is scheduled to list on BSE and NSE on 03 October, 2023.

What are the chances of getting allotment in JSW Infrastructure IPO?

The retail category is oversubscribed at 10.87x, meaning allotment is by lottery. Statistically, approximately 1 in 11 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 60.12x mean for JSW Infrastructure IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 60.12x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check JSW Infrastructure IPO allotment status?

After the allotment date (28 Sep, 2023), you can check your JSW Infrastructure 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
39.36x
QIB
60.12x
NII
16.83x
bHNI
17.94x
sHNI
14.62x
Retail
10.87x
Full IPO details
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