Open IPO Today

Today's Open Issues — 5 September 2026

As of 5 September 2026, 1 issue is open for subscription — 0 Mainboard and 1 SME.

• Qualiance International — SME, ₹120–127, 3 days left, to 8 September. Subscribed 18.83x overall — NII 13.72x, retail 18.68x. Highest category multiple: retail at 18.68x.   Grey market premium ₹55 (43.3%).

Subscription multiples are taken from the exchange bidding feed and move through the day; grey market premiums are unofficial dealer quotes, not exchange prices, and carry no settlement guarantee. What GMP does and does not tell you →

Applying to an IPO That Is Open Right Now

Bidding closes at 5:00 PM IST on the final day, and the mechanics differ depending on whether the issue is a Mainboard or an SME one — check which platform it is on before you place the order.

• Apply early in the window. Day 1 or Day 2 leaves room for a failed mandate, a broker outage or a bank delay. A rejected application on the closing evening cannot be resubmitted.
• Cut-off price depends on the platform. Mainboard book-built issues still accept a cut-off bid; SME issues have not since July 2025, and an SME bid must name a price.
• One application per PAN. The registrar deduplicates across brokers — duplicates are rejected in full.
• Read the category split, not just the total. A 20x total carried entirely by retail is a weaker signal than a 6x with deep QIB participation.
• Retail allotment is a lottery. When an issue is oversubscribed, retail allotment is a draw of lots at one lot per applicant, so applying for more than one lot does not raise your chance of getting the first.

Live GMP and subscription multiples above refresh through the day. Read the full application guide → · Mainboard only → · SME only →

IPO investing carries risk of capital loss, allotment is not guaranteed, and grey market premium is an unofficial signal rather than a prediction. Nothing here is investment advice — read the offer document and consult a SEBI-registered adviser before committing capital.