Top 10 SME IPOs - By NII Subscription: 2026

Top 10 SME IPOs by NII Subscription – NII/HNI Demand Trends & Insights

This report features the Top 10 SME IPOs by Non-Institutional Investor (NII) subscription status in India (since 2007) and explains how strong NII demand signals confidence and market enthusiasm for these offerings.

Non-Institutional Investors (NIIs) include high-net-worth individuals (HNIs), corporations, trusts, and other entities with substantial financial resources. Their strong financial capacity enables them to place large bids in IPOs. A high NIIs subscription indicates strong confidence in the company’s fundamentals and sends a positive signal to the broader market boosting sentiment among both retail and institutional investors.

Top 10 SME IPOs - By NII Subscription: 2026

Loading...
Total Records: 0
🚀 SME IPO Consulting
SME IPO

Planning an SME IPO?

End-to-end support from preparation to listing.

Notes:

  • Opening Date: This is the first day when the issue is available for public subscription. Starting from this date, investors can submit their applications for subscription of company's shares till the closing date.
  • Issue Amount: The total monetary value of all the shares being offered to the public in an issue. It is arrived at by multiplying the number of shares offered with the issue price per share.
  • NII Subscription (x): Number of times NII portion is subscribed.
  • Total Subscription (x): Number of times overall issue is subscribed (All investor categories clubbed together)
  • Total subscription: Number of times overall issue is subscribed (All investor categories clubbed together).
📑
View All IPO Reports

Access the complete list of research reports and insights for better investment decisions.

View Reports
Open an Instant Account with Zerodha