RFBL Flexi Pack IPO
Overall Subscription
21.48x
Oversubscribed
Retail (RII)
11.36x
Applications up to ₹2 Lakhs
HNI (NII)
24.12x
Applications above ₹2 Lakhs
QIB
124.39x
Qualified Institutional Buyers
Application Statistics
Total Applications
1,049
Subscription History
| Date | Day | Overall | Retail | HNI (NII) | QIB | Applications |
|---|---|---|---|---|---|---|
| 14 May 2026 | Day 3 | 21.48x | 11.36x | 24.12x | 124.39x | - |
| 13 May 2026 | Day 2 | 1.32x | 1.24x | 1.51x | 1.12x | 1,049 |
| 12 May 2026 | Day 1 | 0.62x | 0.65x | 0.48x | 1.12x | 508 |
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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