Top 10 Mainboard IPOs - By Retail Subscription: 2026

This report features the Top 10 Mainboard IPOs of 2026 by Retail subscription status in India (since 2007).

Retail subscription refers to how many times retail investors have applied for the shares reserved for the retail category in an IPO. Retail investors can submit applications up to ₹2 lakh for the shares reserved exclusively for the Retail investor category.

Higher retail Investor participation in an IPO indicates strong interest among small, individual investors. Companies with attractive pricing compared to listed peers, strong fundamentals, bullish market, and QIB subscription levels build confidence among Retail investors to participate.

A higher retail Investor participation is based on the following parameters :

  • Anchor investors' participation, institutional interest
  • Trusted promoter group
  • Company’s brand, industry, or growth potential
  • Fairly Priced
  • Positive Market Sentiment

Top 10 Mainboard IPOs - By Retail Subscription: 2026

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Note:

  • Opening Date: First day when the issue opens for public subscription. Starting from this date, investors can submit their applications for subscription of company's shares till the closing date.
  • Issue Price: Price at which the company’s shares are offered to the public.
  • Issue Amount: 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.
  • Issue Price for Retail: Price at which company’s shares are offered to retail Investors.
  • % Discount offered on Issue Price: Percent discount offered to retail investors on the issue price.
  • Retail Subscription (x): Number of times the retail portion is subscribed.
  • Total subscription: Number of times overall issue is subscribed (All investor categories clubbed together).
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