Teja Engineering IPO Live Subscription Status
Real-time subscription data from BSE & NSE with category-wise breakdowns
Retail is currently undersubscribed — most or all retail applicants are likely to receive full allotment if this holds at close.
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | — | 5,00,400 | — |
| NII | 8,06,400 | 10,41,000 | 1.29 |
| bNII (>10 Lakh) | 5,37,600 | 6,94,000 | 1.29 |
| sNII (2-10 Lakh) | 2,68,800 | 3,47,000 | 1.29 |
| Retail | 8,06,400 | 2,55,600 | 0.32 |
| TOTAL | 16,12,800 | 17,97,000 | 1.11 |
| Category | Reserved | Applications | Times |
|---|---|---|---|
| QIB | 0 | 2 | — |
| NII | 672 | 56 | 0.08 |
| bNII (>10 Lakh) | 112 | 145 | 1.29 |
| sNII (2-10 Lakh) | 224 | 289 | 1.29 |
| Retail | 672 | 213 | 0.32 |
| TOTAL | 1,680 | 271 | 0.16 |
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIB | — | 11.01 | — |
| NII | 17.74 | 22.90 | 1.29 |
| bNII (>10 Lakh) | 11.83 | 15.27 | 1.29 |
| sNII (2-10 Lakh) | 5.91 | 7.63 | 1.29 |
| Retail | 17.74 | 5.62 | 0.32 |
| TOTAL | 35.48 | 39.53 | 1.11 |
Teja Engineering IPO Subscription — Detailed Analysis
Where Teja Engineering Subscription Stands Today
Teja Engineering IPO has been subscribed 1.11 times overall — fully covered, indicating decent investor interest. Watch how this evolves through the remaining bidding window. A total of 271 applications have been received so far.
How to Read Teja Engineering Category-Wise Subscription
The subscription table above breaks the issue down by investor category. Here's what each section signals:
- QIB (Qualified Institutional Buyers) — mutual funds, banks, insurance companies, FIIs. High QIB subscription means professional investors with deep research teams have committed capital. For Mainboard issues, QIB above 5x is generally seen as a strong signal.
- NII (Non-Institutional Investors) — applications above Rs 2 lakh. Often split into Big NII (above Rs 10 lakh) and Small NII (Rs 2–10 lakh). Big NII activity is mostly funded HNI bets, while Small NII reflects upper-retail sentiment.
- Retail Individual Investors — applications up to Rs 2 lakh. High retail subscription doesn't always predict listing gains, but very low retail interest is a yellow flag worth investigating.
- Employee (if applicable) — reserved category with optional discount. Employee oversubscription is a soft positive signal of insider sentiment.
Subscription Patterns for SME IPOs
SME IPOs typically need 5x+ overall subscription to indicate strong post-listing performance, given their small issue sizes and lower liquidity. Some SME issues see explosive last-day spikes (50x–200x) driven by retail FOMO; while these often produce strong listing gains, they also come with higher post-listing volatility. Look for steady QIB participation as the more reliable signal — pure retail spikes can fade quickly after listing.
Subscription and Allotment Chances
The subscription multiple in each category directly affects allotment probability. For oversubscribed Retail categories, SEBI uses a lottery system — your application has roughly a 1 / subscription times chance of getting at least one lot, with a guaranteed minimum-1-lot allocation rule that helps small investors. NII and QIB allotments are proportionate. Use the live subscription numbers above to estimate your chances, or visit our IPO Allotment Chances calculator for a category-wise probability estimate.
For more on how IPO allotment works, see our explainer: IPO Allotment Process Explained.
Explore More
Quick links to all IPO sections