Credent Connect IPO Subscription Status
Final figures at close of bidding: 20 Aug 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 130.4x |
| NII | 216.97x |
| sNII (₹2L–₹10L) | 139.76x |
| bNII (above ₹10L) | 255.58x |
| Retail (RII) | 138.86x |
| Total | 153.13x |
Bidding day 5
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 1x | 1.9x | 1.44x | 3.11x | 2.18x |
| Day 2 | 6.45x | 12.99x | 8.1x | 16.43x | 12.14x |
| Day 3 | 6.45x | 12.99x | 8.1x | 16.43x | 12.14x |
| Day 4 | 6.45x | 12.99x | 8.1x | 16.43x | 12.14x |
| Day 5 | 130.4x | 139.76x | 255.58x | 138.86x | 153.13x |
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
Bidding in the Credent Connect IPO ran across 5 recorded days: overall subscription stood at 2.18× at the close of day 1, read 12.14× at the end of day 2, read 12.14× at the end of day 3, read 12.14× at the end of day 4, and finished at 153.13× on day 5. On the final day it was non-institutional investors (NII) driving the book, at 216.97× 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 5, when the overall multiple moved from 12.14× to 153.13×.
Category detail
Institutional demand closed at 130.4× of the QIB quota. Non-institutional investors came in at 216.97×, split 139.76× in the small-NII bucket (bids under ₹10 lakh) and 255.58× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 138.86× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 216.97× and qualified institutional buyers (QIB) at the bottom at 130.4×.
What the multiple means for allotment
A retail multiple of 138.86× means bids in the category outnumbered the shares set aside for it roughly 138.86 times over. 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 600 shares — ₹1,13,400 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 Credent Connect IPO open and close?
- The Credent Connect IPO opens on 13 Aug 2026 and closes on 17 Aug 2026.
- How many times was the Credent Connect IPO subscribed?
- The Credent Connect IPO was subscribed 153.13 times in total across all investor categories.
- What is the reservation split in the Credent Connect IPO?
- Of the total shares offered, retail investors get 35.11%, QIBs 20.1% (plus 29.77% anchor), non-institutional investors 15.01%.