Data sourced from NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 131.89x·QIB 54.97x·NII 219.37x·Individual 137.52x
Based on individual subscription by applications (137.52×), approximately 1 in 138 individual applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Avana Electrosystems Limited SME IPO was subscribed 131.89x in total when bidding closed on Jan 14, 2026, with 54.97x in the QIB category, 219.37x in NII, 137.52x in individual across NSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Jan 12, 2026 to Jan 14, 2026 at a price band of ₹56–₹59 per share. Allotment was finalised on Jan 16, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 1128000 | 62006000 | 54.97 |
| NIIs | 864000 | 189532000 | 219.37 |
| BNIIs (>10L) | 576000 | 148954000 | 258.6 |
| SNIIs (<10L) | 288000 | 40578000 | 140.9 |
| Individual | 1988000 | 273388000 | 137.52 |
| Total | 3980000 | 524926000 | 131.89 |
| Total Applications82,699 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 96 | 8,044 | 83.79 |
| SNIIs (<10L) | 48 | 6,264 | 130.5 |
| Individual | 497 | 68,347 | 137.52 |
| Total Applications82,699 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 6.66 | 365.84 | 54.97 |
| FIIs | - | 90.73 | - |
| DIIs | - | 1.01 | - |
| Mutual Funds | - | 0.76 | - |
| Others | - | 273.34 | - |
| NIIs | 5.1 | 1118.24 | 219.37 |
| BNIIs (>10L) | 3.4 | 878.83 | 258.6 |
| SNIIs (<10L) | 1.7 | 239.41 | 140.9 |
| Individual | 11.73 | 1612.99 | 137.52 |
| TOTAL | 23.48 | 3097.06 | 131.89 |
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
|
Day 1
12 Jan 2026
5:00 PM
|
0.00x |
2.80x
2.56x
3.29x
|
3.80x | 2.51x |
|
Day 2
13 Jan 2026
5:00 PM
|
2.02x |
31.97x
34.65x
26.62x
|
28.30x | 21.65x |
|
Day 3
14 Jan 2026
5:00 PM
|
54.97x |
219.37x
258.60x
140.90x
|
137.52x | 131.89x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 83.79x |
| sHNI | 130.50x |
| Individual | 137.52x |
Because Avana Electrosystems closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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