Sai Urja Indo IPO Subscription Status
Final figures at close of bidding: 5 Oct 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 2.8x |
| NII | 9.9x |
| sNII (₹2L–₹10L) | 9.85x |
| bNII (above ₹10L) | 9.93x |
| Retail (RII) | 4.04x |
| Total | 4.95x |
Bidding day 5
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0x | 0.11x | 0.05x | 0.05x | 0.04x |
| Day 2 | 0x | 0.11x | 0.05x | 0.05x | 0.04x |
| Day 3 | 0x | 0.11x | 0.05x | 0.05x | 0.04x |
| Day 4 | 0x | 0.14x | 0.05x | 0.43x | 0.23x |
| Day 5 | 2.8x | 9.85x | 9.93x | 4.04x | 4.95x |
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
Demand in the Sai Urja Indo IPO accumulated over 5 days of bidding: overall subscription stood at 0.04× at the close of day 1, read 0.04× at the end of day 2, read 0.04× at the end of day 3, read 0.23× at the end of day 4, and finished at 4.95× on day 5. On the final day it was non-institutional investors (NII) driving the book, at 9.9× 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 0.23× to 4.95×.
Category detail
The QIB portion ended at 2.8×. Non-institutional investors came in at 9.9×, split 9.85× in the small-NII bucket (bids under ₹10 lakh) and 9.93× 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 4.04× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 9.9× and qualified institutional buyers (QIB) at the bottom at 2.8×.
What the multiple means for allotment
Retail bids ran to about 4.04 times the shares earmarked for the category. 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 1200 shares — ₹1,35,600 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 Sai Urja Indo IPO open and close?
- The Sai Urja Indo IPO opens on 25 Sept 2026 and closes on 29 Sept 2026.
- How many times was the Sai Urja Indo IPO subscribed?
- The Sai Urja Indo IPO was subscribed 4.95 times in total across all investor categories.
- What is the reservation split in the Sai Urja Indo IPO?
- Of the total shares offered, retail investors get 35.66%, QIBs 19.7% (plus 29.46% anchor), non-institutional investors 15.18%.