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Sumax Engineering
Sumax Engineering
Subscription Status
LISTEDCloses: Aug 28
The Sumax Engineering IPO is currently subscribed 151.28x overall. Below is the live breakdown of demand across different investor categories.
Total Subscription
151.28x
Retail Demand (RII)
0.00x
Category-wise Breakdown
| Investor Category | Subscription Times |
|---|---|
| Qualified Institutions (QIB) | 121.28x |
| Non-Institutional (NII/HNI) | 198.32x |
| Retail Investors (RII) | 0.00x |
| Total Overall | 151.28x |
How is IPO Subscription Calculated?
The subscription rate indicates how many times the total available shares were bid for by investors. A subscription of 10x means that for every 1 share available, there are bids for 10 shares. High subscription rates in the QIB and NII categories usually suggest strong institutional demand, which often correlates with a higher listing premium.