Subscription data pending
Saroja Pharma Industries India Limited IPO Subscription Status
Live subscription figures for Saroja Pharma Industries India Limited IPO are not available yet. This page will automatically show total, QIB, NII and retail demand when the latest bidding data becomes available from NSE.
- Open date
- Aug 31, 2023
- Close date
- Sep 5, 2023
- Price band
- ₹84–₹84
- Minimum application
- ₹1,34,400 for 1,600 shares
- Issue type
- NSE SME
- Subscription source
- NSE
How to read Saroja Pharma Industries India Limited IPO subscription status
IPO subscription is reported as the number of times investors apply for the shares available in each reserved category. A value of 1x means the category has received bids equal to the shares offered, while a value above 1x indicates oversubscription.
Subscription figures can change quickly during the bidding window, particularly on the final day. They indicate demand, but do not guarantee allotment, listing gains or future performance.
Saroja Pharma Industries India Limited IPO subscription FAQs
The Saroja Pharma Industries India Limited IPO allotment was finalised on Sep 11, 2023. You can check your allotment status by PAN or application number on the registrar's website or on IPO Ji.
Saroja Pharma Industries India Limited IPO has a price band of ₹84–₹84 per share, with a minimum retail application of ₹1,34,400 for 1600 shares.
It means investors have applied for X times the number of shares the company is offering. For example, 5x means demand was five times the shares available. A figure above 1x is called oversubscription; below 1x is undersubscription.
No. The higher an issue is oversubscribed, the lower each applicant’s chance of allotment. In oversubscribed retail categories, shares are allotted by a computerised lottery, so every valid applicant has an equal chance regardless of how many lots they applied for.
QIB (Qualified Institutional Buyers) are large institutions like banks, mutual funds and insurers. NII (Non-Institutional Investors) are high-net-worth individuals and bodies applying above ₹2 lakh. Retail individual investors apply up to ₹2 lakh. Each category has a reserved portion of the issue.
IPO Ji updates subscription figures through the bidding day using data sourced from NSE. The "Last updated" time shown on the page reflects the most recent refresh.