Investors can get in on the ground floor of new companies through upcoming IPOs, but they need to look at subscription data to make smart choices. Subscription data shows how many times an IPO is bid against available shares, broken down by retail, QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), and workers. As of January 4, 2026, this data acts as a sentiment gauge, with the primary market’s momentum coming from the ₹1.76 lakh crore raised in 2025. High subscription numbers usually mean strong demand and possible listing premiums, while low numbers may mean caution. The Neo app from Kotak Securities lets you track subscriptions in real time, which helps you analyze upcoming IPO more effectively.
Getting to Know Subscription Data
Subscription data, also known as IPO Subscription Status, shows how interested investors are during the bidding phase, which usually lasts 3 to 5 days. It’s shown as multiples. For example, 5x oversubscribed signifies that there are five times as many bids as shares available. This information helps us look at Upcoming IPOs by showing how excited people are about each category: QIB oversubscription, which is generally 50% of the quota, shows that institutions are confident, which is linked to long-term stability. Retail oversubscription, which is 35% of the quota, shows that the public is excited, which could lead to short-term gains. NII (15% quota) shows what HNIs think.
Why look at subscription data for upcoming IPOs
It is really important to look at IPO subscription status since it shows how people really feel about the market. Many 2025 IPOs saw average gains of 20–30% because of strong oversubscription (10x or more). It helps figure out how likely it is to get an allocation. High retail bids indicate prorated shares, which helps decide how much to invest. Undersubscription may show dangers like overvaluation or bad fundamentals, which could make people shun the investment. For upcoming IPOs, day-by-day data shows growing interest. Early QIB bids demonstrate quality, while retail spikes show buzz. This analysis lowers risks because subscribing doesn’t ensure success after listing, but it does show demand.
How to Look at Subscription Data to Look at Upcoming IPOs
Watch Categories: Compare QIB (institutional trust) versus retail (hype). A balanced subscription is best.
Look for trends: Check for hourly or daily rises. If bids start to slow down, it could mean that interest is peaked.
Check for oversubscription: >5x retail means there is a lot of demand and possible premiums; <1x retail means there are discounts on listings.
Cross-Reference: Pair with GMP (Grey Market Premium) to get a sense of how people feel about it. A rising GMP with a lot of subscriptions makes people feel more confident.
Use Tools: You can see live data on Kotak’s platform. Compare it to BSE/NSE or registrars like KFintech.
For efficiency, diversify and apply through UPI. Kotak’s apps with no fees make it easy to join quickly. By looking at subscription statistics for upcoming IPOs, you may make better investments by translating data into useful information.
