ListedSMEPower Generation/DistributionSAIURJA

Sai Urja Indo Ventures IPO

Sai Urja Indo Ventures IPO is an SME IPO raising ₹25 Cr at ₹107 – ₹113 a share. It listed on 5 Oct 2026 at ₹134, +18.4% against its issue price of ₹113, and trades at ₹163 today (+44.5% since issue). It was subscribed 4.43× in total.

₹113
Issue price
₹163
Price now
+44.5%
Since issue price
5 Oct 2026
Listed on
4.43×Subscribed (final) · all exchanges

4.4 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Who bid for it

Investor categoryShares offeredShares bid forSubscribed
QIB
Banks, funds and other large institutions
3,92,40010,99,2002.80×
Othersno separate quota5,37,600n/a
Foreign Institutional Investorsno separate quota5,61,600n/a
Domestic Financial Institutionsno separate quota—n/a
Mutual Fundsno separate quota—n/a
Non-institutional
Wealthy individuals and companies bidding above ₹2 lakh
5,18,40032,11,2006.19×
Corporatesno separate quota2,43,600n/a
Individualsno separate quota28,92,000n/a
Othersno separate quota75,600n/a
Retail
Ordinary investors bidding up to ₹2 lakh
7,10,40028,68,0004.04×
Cut Offno separate quota—n/a
Price Bidsno separate quota28,68,000n/a
Employee Reservedno separate quota0n/a
Employeeno separate quota—n/a
Employeeno separate quota—n/a
Reservation PortionShareholderno separate quota0n/a
RPSno separate quota—n/a
RPSno separate quota—n/a
Total16,21,20071,78,4004.43×

Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 29 Sept, 06:30 pm IST.

How demand built

Our own series — the exchanges publish a running total and never a history.16 readings held.

25 Sept, 11:15 am0.00×
25 Sept, 01:15 pm0.02×
25 Sept, 02:15 pm0.03×
25 Sept, 03:15 pm0.04×
28 Sept, 11:15 am0.09×
28 Sept, 12:15 pm0.10×
28 Sept, 01:15 pm0.12×
28 Sept, 02:15 pm0.14×
28 Sept, 04:15 pm0.16×
28 Sept, 05:15 pm0.23×
29 Sept, 11:15 am0.31×
29 Sept, 12:15 pm0.69×
29 Sept, 01:15 pm0.92×
29 Sept, 02:43 pm2.19×
29 Sept, 04:06 pm5.02×
29 Sept, 05:07 pm5.09×

Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.