Mahindra & Mahindra Financial Services IPO Subscription Status
Mahindra & Mahindra Financial Services IPO was subscribed 26.89 times when bidding closed on 24 Feb 2006: QIB 32.59x, NII 42.95x, Retail 10.13x.
The Mahindra & Mahindra Financial Services IPO has been subscribed 26.89x times overall. Retail investors have shown interest with bids for 10.13x the shares available. The Non-Institutional Investor (NII) category has been subscribed 42.95x. Qualified Institutional Buyers (QIBs) have subscribed 32.59x. Data last updated on 12 Nov, 08:14 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 21 Feb, 2006 and closes on 24 Feb, 2006. The shares are expected to list on stock exchanges on 17 Mar, 2006.
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 - - | 32.59x |
| NII | - of - - | 42.95x |
| Retail | - of - - | 10.13x |
| TOTAL | - - | 26.89x |
Mahindra & Mahindra Financial Services 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 9.9% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 32.59x. 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 | ||
|---|---|---|---|
|
24 Feb 2006
Day 1 |
26.89x | ▼ | |
|
QIB32.59x
BHNI-
SHNI-
Retail10.13x
|
|||
Mahindra & Mahindra Financial Services IPO dates
From the bidding window to listing. Today is 13 November.
- Open 21 Feb 2006
- Close 24 Feb 2006
- Allotment 08 Mar 2006
- Refund/credit TBA
- Listing 17 Mar 2006
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 Mahindra & Mahindra Financial Services IPO?
As of IPO close date (24 Feb, 2006), the Mahindra & Mahindra Financial Services IPO is subscribed 26.89x times. Retail category is 10.13x, and NII is 42.95x subscribed.
When is the allotment date for Mahindra & Mahindra Financial Services IPO?
The allotment for Mahindra & Mahindra Financial Services IPO is expected to be finalized on 08 March, 2006.
When will Mahindra & Mahindra Financial Services IPO list on the stock market?
Mahindra & Mahindra Financial Services is scheduled to list on BSE and NSE on 17 March, 2006.
What are the chances of getting allotment in Mahindra & Mahindra Financial Services IPO?
The retail category is oversubscribed at 10.13x, 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 32.59x mean for Mahindra & Mahindra Financial Services IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 32.59x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Mahindra & Mahindra Financial Services IPO allotment status?
After the allotment date (08 Mar, 2006), you can check your Mahindra & Mahindra Financial Services 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 Mahindra & Mahindra Financial Services IPO further
Track every stage of this IPO, from subscription to listing.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
