Rishabh Instruments IPO Subscription Status
Rishabh Instruments IPO was subscribed 31.65 times when bidding closed on 1 Sep 2023: QIB 72.54x, NII 31.29x, Retail 8.44x.
The Rishabh Instruments IPO has been subscribed 31.65x times overall. Retail investors have shown interest with bids for 8.44x the shares available. The Non-Institutional Investor (NII) category has been subscribed 31.29x. Within NII, Big HNI (B-HNI) subscribed 34.01x and Small HNI (S-HNI) subscribed 25.86x. Qualified Institutional Buyers (QIBs) have subscribed 72.54x. Data last updated on 10 Nov, 06:04 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 30 Aug, 2023 and closes on 01 Sep, 2023. The shares are expected to list on stock exchanges on 11 Sep, 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 - - | 72.54x |
| NII | - of - - | 31.29x |
bHNI — bid amount above ₹10 Lakh |
- - | 34.01 |
sHNI — bid amount ₹2–10 Lakh |
- - | 25.86 |
| Retail | - of - - | 8.44x |
| TOTAL | - - | 31.65x |
Rishabh Instruments 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 11.8% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 72.54x. 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 | ||
|---|---|---|---|
|
01 Sep 2023
Day 3 |
31.65x | ▼ | |
|
QIB72.54x
BHNI34.01x
SHNI25.86x
Retail8.44x
|
|||
|
31 Aug 2023
Day 2 |
2.46x | ▼ | |
|
QIB0.22x
BHNI4.1x
SHNI5.76x
Retail2.79x
|
|||
|
30 Aug 2023
Day 1 |
0.73x | ▼ | |
|
QIB0.01x
BHNI1.19x
SHNI1.35x
Retail0.92x
|
|||
Rishabh Instruments IPO dates
From the bidding window to listing. Today is 11 November.
- Open 30 Aug 2023
- Close 01 Sep 2023
- Allotment 06 Sep 2023
- Refund/credit 07 Sep 2023
- Listing 11 Sep 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 Rishabh Instruments IPO?
As of IPO close date (01 Sep, 2023), the Rishabh Instruments IPO is subscribed 31.65x times. Retail category is 8.44x, and NII is 31.29x subscribed.
When is the allotment date for Rishabh Instruments IPO?
The allotment for Rishabh Instruments IPO is expected to be finalized on 06 September, 2023.
What is the GMP of Rishabh Instruments?
The Grey Market Premium (GMP) for Rishabh Instruments is currently ₹65, indicating a potential listing gain of 15%.
When will Rishabh Instruments IPO list on the stock market?
Rishabh Instruments is scheduled to list on BSE and NSE on 11 September, 2023.
What are the chances of getting allotment in Rishabh Instruments IPO?
The retail category is oversubscribed at 8.44x, meaning allotment is by lottery. Statistically, approximately 1 in 9 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 72.54x mean for Rishabh Instruments IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 72.54x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Rishabh Instruments IPO allotment status?
After the allotment date (06 Sep, 2023), you can check your Rishabh Instruments 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 Rishabh Instruments 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.
