Open IPOs

Who's actually bidding.

Every IPO taking bids right now, and how far each group of investors has filled its slice of the book. A factual read of demand as it stands — never a call on whether to apply. Not investment advice.

An IPO opens for a few days of book building — the window when investors place bids inside a fixed price band. This page shows every IPO currently taking bids and how full each group's slice of the book is, measured against the shares set aside for that group. 1× means that slice is exactly spoken for; past 1× is oversubscription.

The book splits three ways. Institutions are the large funds and banks — the QIB share. HNI is high-net-worth individuals — the larger, non-institutional bids. Retail is the general public's smaller applications. Some issues also ring-fence a slice for employees.

When you read it matters as much as the number.

Institutions and HNIs usually place their bids on the final day, often the final hour — so an early-window book that looks thin can still fill many times over before it closes. On an issue's last day (marked below), that surge is either underway or it isn't: a final-day figure carries more weight than a day-one one, though the closing hour can still move it. Either way, what's below is the state of the book right now, not a verdict.

M. K. Sons Fine Jewels Limited
MKSONS₹153 to ₹162
×0.11overall
Open · closes 30 Oct
Institutions×0.00
not yet
HNI×0.32
not yet
Retail×0.09
not yet
Grey market premium+₹8 to +₹8.5
Premium over the band+5%
SFC Environmental Technologies Limited
SFCTECH₹313 to ₹330
×0.15overall
Open · closes 29 Oct
Institutions×0.00
not yet
HNI×0.17
not yet
Retail×0.23
not yet
Grey market premium+₹17
Premium over the band+5%
BLS Polymers Limited
BLSPOLY₹142 to ₹150
×17overall
Open · closes 29 Oct
Institutions×12
cleared
HNI×29
cleared
Retail×14
cleared
Grey market premium+₹36 to +₹44
Premium over the band+24% to +29%
Last day — bidding closes today
EAAA India Alternatives Limited
EDELALTS₹1585 to ₹1665
×0.52overall
Institutions×0.95
not yet
HNI×0.78
not yet
Retail×0.15
not yet
Grey market premium+₹10 to +₹11
Premium over the band+1%

Grey-market figures are unofficial, from iporise and ipoji. Percentages are against the upper price band. We checked 31 recent issues: direction usually right, one in five off by more than 10 percentage points, biggest moves missed by the widest margin.

Opening soon
Bombay Coated and Special Steels Limitedopens 29 Oct

Source: NSE's live subscription book — NSE-listed issues, so one listed only on BSE won't appear here. Figures build through the bidding day and are shown only while our capture is current — otherwise this section is hidden rather than shown out of date. “Cleared” means a group's slice reached 1×; it is not a forecast of the listing price, and nothing here is a recommendation to apply.