How to Interpret IPO Subscriptions
Subscription data reflects official demand submitted on stock exchange order books (BSE/NSE).
- QIB (Qualified Institutional Buyers): Mutual funds, banks, and FPIs. Heavy QIB subscription reflects institutional conviction.
- NII / HNI (Non-Institutional Investors): High net-worth individuals and corporate investors bidding above ₹2 Lakhs.
- RII (Retail Individual Investors): Bids below ₹2 Lakhs. High retail demand indicates retail market participation.