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Subscription Status · Dec 22 – Dec 24, 2025 · ₹95–97
EPW India IPO subscribed 0.72 times — as of Jan 08, 2026
The EPW India IPO subscription has recorded moderate investor demand with an overall subscription of 0.72× as of Jan 08, 2026, indicating that investors applied for 0.72 times the number of shares on offer. All investor categories — institutional, HNI, and retail — have participated actively, making this one of the closely watched IPO openings.
As of January 08, 2026
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
1,555,200 | 726,000 |
0.47×
|
— |
|
NII
Non-Institutional Investors
|
468,000 | 88,200 |
0.19×
|
— |
|
bNII
Bids above ₹10L
|
312,000 | 471,600 |
1.51×
|
19 |
|
sNII
Bids below ₹10L
|
156,000 | 410,400 |
2.63×
|
100 |
|
Individual
Individual Investors
|
1,092,000 | 1,428,000 |
1.31×
|
595 |
|
Total
|
3,115,200 | 2,242,200 |
0.72×
|
714 |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 1,555,200 | 726,000 | 0.47× | — |
| NII | 468,000 | 88,200 | 0.19× | — |
| bNII | 312,000 | 471,600 | 1.51× | 19 |
| sNII | 156,000 | 410,400 | 2.63× | 100 |
| Individual Investors | 1,092,000 | 1,428,000 | 1.31× | 595 |
| Total | 3,115,200 | 2,242,200 | 0.72× | 714 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | — | 726,000 | — | 2 |
| NII | — | 882,000 | — | 119 |
| bNII | — | 471,600 | — | 19 |
| sNII | — | 410,400 | — | 100 |
| Individual Investors | — | 1,428,000 | — | 595 |
| Total | — | 3,036,000 | — | 835 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | — | 726,000 | — | 2 |
| NII | — | 882,000 | — | 119 |
| bNII | — | 471,600 | — | 19 |
| sNII | — | 410,400 | — | 100 |
| Individual Investors | — | 1,428,000 | — | 595 |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| NII | — | 384,000 | — | 23 |
| bNII | — | 303,600 | — | 6 |
| sNII | — | 80,400 | — | 17 |
| Individual Investors | — | 319,200 | — | 133 |
As of January 08, 2026, the EPW India IPO has been subscribed 0.72 times overall. The IPO subscription is below 1×. A total of 714 applications received across all categories.
The EPW India IPO subscription window was open from December 22, 2025 to December 24, 2025. Investors could apply through their demat account or ASBA facility.
The EPW India IPO has a price band of ₹95 to ₹97 per share, with a lot size of 1,200 shares. Minimum retail investment: ₹114,000 (lower band) or ₹116,400 (upper band).
The QIB category has been subscribed 0.47 times. QIBs were offered 1,555,200 shares.
Overall NII: 0.19×. bNII (>₹10L): 1.51×, sNII (<₹10L): 2.63×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on December 26, 2025. Check via the registrar's website — Bigshare Services Private Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
EPW India IPO is expected to list on December 30, 2025. Shares will list on NSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 0.72× means investors have bid for 0.72 times the total shares available. The IPO is not yet fully subscribed — applicants have a higher probability of receiving full allotment.
Based on the current retail subscription of data pending, the estimated allotment probability for retail investors is High. Applicants likely to get full allotment. If final subscription stays below 1×, all applicants are likely to get full allotment.
You can apply for EPW India IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Dec 22 to Dec 24, 2025.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest EPW India IPO GMP data, check the IPO Rise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price — use it only as a sentiment signal alongside official subscription data.
The EPW India IPO subscription tracks how many times each investor category has subscribed relative to their reserved quota. As of Jan 08, 2026, the overall subscription stands at 0.72× — Partially Subscribed.
QIBs include domestic mutual funds, FIIs/FPIs, banks, insurance companies, and SEBI-registered venture capital funds. They are allocated up to 50% of the net offer (75% for SME IPOs). For EPW India IPO, QIB subscription is at 0.47×. High QIB subscription signals strong institutional conviction and is considered a positive indicator for post-listing performance.
NIIs are high-net-worth individuals (HNIs) and corporate bodies applying for more than ₹2 lakh. SEBI further divides this into bNII (bids above ₹10 lakh) and sNII (bids between ₹2–10 lakh), each with a separate allotment bucket. For EPW India IPO: bNII at 1.51×, sNII at 2.63×. Very high NII subscription (>50×) often signals leveraged HNI bidding, suggesting a strong listing expectation.
Retail investors apply for up to ₹2 lakh. They are reserved 35% of the net offer (in most mainboard IPOs). If oversubscribed, allotment is via computerised lottery — each applicant (regardless of lot count) has an equal probability.
Price band: ₹95–₹97 per share. Lot size: 1,200 shares. Minimum retail investment at upper band: ₹116,400. Applications must be in multiples of 1,200 shares.
Stock exchanges (BSE/NSE) publish subscription data multiple times a day during the subscription window. The figures shown here represent the latest available snapshot. "Shares Offered" is the quota reserved for each category; "Shares Bid For" is the total demand received; "Times Subscribed" is the ratio of demand to supply.
Subscription Opens Done
Dec 22, 2025Subscription Closes Done
Dec 24, 2025Basis of Allotment Done
Dec 26, 2025Listing on NSE Done
Dec 30, 2025Applicants likely to get full allotment.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.