SME IPOs most subscribed by institutions (QIBs)
Which IPOs drew the most bids from qualified institutional buyers, the funds, banks and insurers?
3 SME IPOs since 2025 have a final subscription figure. The median is 1.7×. Pooja Logistics is first, at 2.5× (times subscribed overall 3×; retail or individual 2.9×).
Ranked on 4 Oct 2026. The list moves as bidding closes on new issues.
| # | Issue | Stage | Institutions (QIB), times | Times subscribed overall | Retail or individual |
|---|---|---|---|---|---|
| 1 | Pooja Logistics SME | Closed | 2.5× | 3× | 2.9× |
| 2 | Himalayan Solar SME | Closed | 1.7× | 1.2× | 1.3× |
| 3 | Axiom Gas Engineering SME | Closed | 1.1× | 1.4× | 1.9× |
How this list is ranked
Times the qualified institutional buyers' portion (excluding the anchor portion) was subscribed at the close of bidding, from the exchanges' bid books, for every issue since 2025 with a final figure. It counts bids, not allotments, and says nothing about the price. A list ranks the issues by one figure from each offer document. It places them; it says nothing about whether any of the shares is worth owning.
More lists: demand
The day's IPOs each morning, and allotment the minute it is out, on Telegram
One short post each morning: what opens, closes and lists today, and the new offer-document studies. The allotment status the moment it goes live. An IPO list on Saturdays and the week ahead on Sundays. Each one is a fact and a link, with the figures on the card.
Free, no account, leave in one tap.