M R Maniveni Foods Ltd IPO
Overall Subscription
1.54x
Oversubscribed
Retail (RII)
1.75x
Applications up to ₹2 Lakhs
HNI (NII)
1.77x
Applications above ₹2 Lakhs
QIB
1.00x
Qualified Institutional Buyers
Application Statistics
Total Applications
828
Subscription History
| Date | Day | Overall | Retail | HNI (NII) | QIB | Applications |
|---|---|---|---|---|---|---|
| 26 May 2026 | Day 5 | 1.54x | 1.75x | 1.77x | 1.00x | 828 |
| 25 May 2026 | Day 4 | 1.27x | 1.31x | 1.55x | 1.00x | 622 |
| 22 May 2026 | Day 1 | 0.15x | 0.29x | 0.01x | 0.00x | 129 |
Understanding IPO Subscription
IPO subscription indicates the demand for an IPO. A subscription of 5x means the IPO received applications for 5 times the shares offered. Higher subscription generally indicates strong demand.
Category Breakdown
- Retail Individual Investors (RII): Applications up to ₹2 lakhs. Retail quota is typically 35% of the total issue size. If oversubscribed, allotment is done through lottery.
- Non-Institutional Investors (NII/HNI): Applications above ₹2 lakhs. NII quota is typically 15% of the issue. Can be further divided into sNII (small, ₹2L-₹10L) and bNII (big, above ₹10L).
- Qualified Institutional Buyers (QIB): Institutions like mutual funds, insurance companies, banks, etc. QIB quota is typically 50% of the issue. At least 5% is reserved for mutual funds.
- Employee/Shareholder Quota: Some IPOs reserve a portion for company employees or existing shareholders at a discounted price.
What Does Subscription Mean for Allotment?
Higher subscription in a category means lower chances of allotment in that category. For example, if retail category is subscribed 10x, your chances of getting allotment (if you applied) are approximately 1 in 10, subject to lottery.
Subscription Discussion
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