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Subscription Status · Dec 22 – Dec 24, 2025 · ₹108–114
Gujarat Kidney IPO subscribed 3.92 times — as of Jan 04, 2026
The Gujarat Kidney IPO subscription has recorded healthy investor demand with an overall subscription of 3.92× as of Jan 04, 2026, indicating that investors applied for 3.92 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 04, 2026
| Category | Shares Offered | Shares Bid For | Times Subscribed |
|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
7,726,880 | 6,856,192 |
0.89×
|
|
NII
Non-Institutional Investors
|
3,300,000 | 13,653,888 |
4.14×
|
|
bNII
Bids above ₹10L
|
2,200,000 | 8,289,664 |
3.77×
|
|
sNII
Bids below ₹10L
|
1,100,000 | 5,364,224 |
4.88×
|
|
Retail
Retail Individual Investors
|
2,200,000 | 31,285,376 |
14.22×
|
|
Total
|
13,226,880 | 51,795,456 |
3.92×
|
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 7,726,880 | 6,856,192 | 0.89× |
| NII | 3,300,000 | 13,653,888 | 4.14× |
| bNII | 2,200,000 | 8,289,664 | 3.77× |
| sNII | 1,100,000 | 5,364,224 | 4.88× |
| Retail | 2,200,000 | 31,285,376 | 14.22× |
| Total | 13,226,880 | 51,795,456 | 3.92× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 7,726,880 | 2,655,104 | 0.34× |
| NII | 3,300,000 | 6,852,224 | 2.08× |
| bNII | 2,200,000 | 4,972,160 | 2.26× |
| sNII | 1,100,000 | 1,880,064 | 1.71× |
| Retail | 2,200,000 | 17,268,992 | 7.85× |
| Total | 13,226,880 | 26,776,320 | 2.02× |
| Category | Offered | Bid For | Times |
|---|---|---|---|
| QIB | 7,726,880 | 2,635,392 | 0.34× |
| NII | 3,300,000 | 4,712,448 | 1.43× |
| bNII | 2,200,000 | 4,028,416 | 1.83× |
| sNII | 1,100,000 | 684,032 | 0.62× |
| Retail | 2,200,000 | 7,738,496 | 3.52× |
| Total | 13,226,880 | 15,086,336 | 1.14× |
As of January 04, 2026, the Gujarat Kidney IPO has been subscribed 3.92 times overall. The IPO is fully subscribed.
The Gujarat Kidney IPO subscription window was open from December 22, 2025 to December 24, 2025. Investors could apply through their demat account or ASBA facility.
The Gujarat Kidney IPO has a price band of ₹108 to ₹114 per share, with a lot size of 128 shares. Minimum retail investment: ₹13,824 (lower band) or ₹14,592 (upper band).
The QIB category has been subscribed 0.89 times. QIBs were offered 7,726,880 shares.
Retail investors subscribed 14.22 times. Retail was offered 2,200,000 shares. High retail subscription reflects strong small-investor interest.
Overall NII: 4.14×. bNII (>₹10L): 3.77×, sNII (<₹10L): 4.88×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on December 26, 2025. Check via the registrar's website — MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Gujarat Kidney IPO is expected to list on December 30, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 3.92× means investors have bid for 3.92 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares — allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 14.22×, the estimated allotment probability for retail investors is Low–Moderate. Lottery-based allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery — each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Gujarat Kidney 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 Gujarat Kidney 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 Gujarat Kidney IPO subscription tracks how many times each investor category has subscribed relative to their reserved quota. As of Jan 04, 2026, the overall subscription stands at 3.92× — Oversubscribed.
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 Gujarat Kidney IPO, QIB subscription is at 0.89×. 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 Gujarat Kidney IPO: bNII at 3.77×, sNII at 4.88×. 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. Gujarat Kidney IPO retail subscription: 14.22×. With 14.22× retail subscription, allotment is lottery-based.
Price band: ₹108–₹114 per share. Lot size: 128 shares. Minimum retail investment at upper band: ₹14,592. Applications must be in multiples of 128 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,BSE Done
Dec 30, 2025Lottery-based allotment. Based on retail subscription of 14.22×.
Retail allotment in oversubscribed IPOs is done by computerised lottery — each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.