LCC Projects IPO Subscription Status
Final figures at close of bidding: 17 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 78.73x |
| NII | 64.91x |
| sNII (₹2L–₹10L) | 71.66x |
| bNII (above ₹10L) | 61.53x |
| Retail (RII) | 26.34x |
| Total | 49.57x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 1.14x | 1.21x | 2.06x | 1.3x | 1.35x |
| Day 2 | 1.16x | 7.82x | 4.32x | 4.84x | 3.93x |
| Day 3 | 78.73x | 71.66x | 61.53x | 26.34x | 49.57x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The LCC Projects book was built over 3 days: overall subscription stood at 1.35× at the close of day 1, read 3.93× at the end of day 2, and finished at 49.57× on day 3. On the final day it was qualified institutional buyers (QIB) driving the book, at 78.73× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 3.93× to 49.57×.
Category detail
Qualified institutional buyers took their portion to 78.73×. Non-institutional investors came in at 64.91×, split 71.66× in the small-NII bucket (bids under ₹10 lakh) and 61.53× among big NIIs (above ₹10 lakh). Within the NII book, the smaller sub-₹10-lakh applications outpaced the bigger bids. Retail investors put in bids for 26.34× the shares reserved for them. That puts qualified institutional buyers (QIB) at the top of the book at 78.73× and retail investors at the bottom at 26.34×.
What the multiple means for allotment
With retail subscription at 26.34×, applications in that category exceeded the shares available to it by a factor of about 26.34. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 102 shares — ₹14,892 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the LCC Projects IPO open and close?
- The LCC Projects IPO opens on 9 Sept 2026 and closes on 11 Sept 2026.
- How many times was the LCC Projects IPO subscribed?
- The LCC Projects IPO was subscribed 49.57 times in total across all investor categories.
- What is the reservation split in the LCC Projects IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.