Rajnandini Fashion India IPO
Overall Subscription
6.97x
Oversubscribed
Retail (RII)
7.17x
Applications up to ₹2 Lakhs
HNI (NII)
11.04x
Applications above ₹2 Lakhs
QIB
3.51x
Qualified Institutional Buyers
Subscription History
| Date | Day | Overall | Retail | HNI (NII) | QIB | Applications |
|---|---|---|---|---|---|---|
| 29 May 2026 | Day 4 | 6.97x | 7.17x | 11.04x | 3.51x | 0 |
| 28 May 2026 | Day 3 | 6.97x | 7.18x | 11.04x | 3.51x | 1 |
| 27 May 2026 | Day 2 | 4.19x | 4.06x | 5.40x | 3.51x | 1 |
| 26 May 2026 | Day 1 | 1.61x | 0.30x | 2.14x | 3.51x | 1 |
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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