Finbud Financial SME IPO Subscription Status
Finbud Financial SME IPO closed on 10 November 2025 with an overall subscription of 4.43x based on shares applied. QIB demand came in at 4.33x, NII at 6.46x, and retail at 2.89x.
Allotment will be finalised on 11 November 2025. The stock is scheduled to list on NSE and BSE on 13 November 2025.
Issue Price
Rs 142.00
GMP Today
Rs 11.00 (+7.75%)
Overall Subscription
4.43x
Issue Size
₹68.09 Cr
Allotment Date
11 Nov 2025
Listing Date
13 Nov 2025
Finbud Financial SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 142.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 13.60 Cr | Rs 58.87 Cr | 4.33x |
| FII | - | Rs 7.67 Cr | - |
| DFI | - | Rs 1.51 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 49.70 Cr | - |
| NII | Rs 13.82 Cr | Rs 89.28 Cr | 6.46x |
| bNII (above Rs 10L) | Rs 9.21 Cr | Rs 76.04 Cr | 8.26x |
| Corporate | - | Rs 6.49 Cr | - |
| Individual | - | Rs 68.64 Cr | - |
| Other | - | Rs 90.88 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 4.61 Cr | Rs 13.23 Cr | 2.87x |
| Corporate | - | Rs 51.12 L | - |
| Individual | - | Rs 12.47 Cr | - |
| Other | - | Rs 25.56 L | - |
| IND | Rs 23.86 Cr | Rs 69.01 Cr | 2.89x |
| Total | Rs 51.28 Cr | Rs 217.16 Cr | 4.24x |
Finbud Financial SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 958 | 14 | 0.01x |
| FII | - | 3 | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 10 | - |
| NII | 324 | 861 | 2.66x |
| bNII (above Rs 10L) | 216 | 571 | 2.64x |
| Corporate | - | 10 | - |
| Individual | - | 553 | - |
| Other | - | 8 | - |
| sNII (Rs 2L to Rs 10L) | 108 | 290 | 2.69x |
| Corporate | - | 12 | - |
| Individual | - | 272 | - |
| Other | - | 6 | - |
| IND | 840 | 2,430 | 2.89x |
| Total | 2,122 | 3,305 | 1.56x |
What Do These Subscription Numbers Mean?
A subscription of 4.43x by shares means the IPO received bids for 4 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 4.33x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 4.33x, it reflects serious institutional conviction.
NII at 2.66x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 2.64x and sNII at 2.69x by applications. Share subscription was 6.46x. Allotment uses application count, not share volume.
At 2.89x subscription by applications, approximately 1 in 3 retail applicants can expect an allotment (~35% per application). Retail allotment is done by lottery when oversubscribed.
Finbud Financial SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 2.89x.
- •Allotment odds: about 1 in 3 (~35% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 2.69x.
- •Allotment odds: about 1 in 3 for a minimum-lot application (~37% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 2.64x.
- •Allotment odds: about 1 in 3 for a minimum-lot application (~38% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 8.26x. Allotment uses application count, not share volume.
Check the Finbud Financial SME IPO Allotment Status page from 11 November 2025 for your allotment result.
Finbud Financial SME IPO GMP After Subscription
GMP for Finbud Financial SME stands at Rs 11.00 today, giving an estimated listing price of Rs 153.00 per share.
A subscription of 4.43x combined with a GMP of 7.75% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Finbud Financial SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Finbud Financial SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 6 Nov 2025 | 0.04x | 1.42x | 0.34x | 0.48x |
| Day 2 - 7 Nov 2025 | 2.37x | 1.28x | 0.53x | 1.21x |
| Day 3 - 10 Nov 2025 | 4.33x | 8.38x | 2.80x | 4.43x |
Finbud Financial SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 6 November 2025 |
| IPO Close Date | 10 November 2025 |
| Allotment Date | 11 November 2025 |
| Refund Initiation | 12 November 2025 |
| Share Credit to Demat | 12 November 2025 |
| Listing Date | 13 November 2025 |
| Minimum Investment | Rs 2,84,000.00 |
| Lot Size | 1000 shares |
About Finbud Financial SME
Finbud Financial Services Ltd. , operating under the brand 'Finance Buddha', is a leading hybrid retail loan aggregation platform established in 2012. It connects borrowers with banks and NBFCs for a comprehensive range of loan products, including personal loans (74.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Finbud Financial SME IPO Subscription FAQs
What is Finbud Financial SME IPO subscription status today?
Finbud Financial SME IPO subscription closed on 10 November 2025 with overall subscription of 4.43x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 4.33x, NII 2.66x, IND 2.89x.
What is the overall subscription of Finbud Financial SME IPO?
Finbud Financial SME IPO is subscribed 4.43x overall by shares at close on 10 November 2025. QIB 4.33x, NII 2.66x, and IND 2.89x.
What is Finbud Financial SME IPO QIB subscription?
Finbud Financial SME IPO QIB (Qualified Institutional Buyers) subscription is 4.33x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Finbud Financial SME IPO IND subscription?
Finbud Financial SME IPO IND subscription is 2.89x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Finbud Financial SME IPO NII subscription?
Finbud Financial SME IPO NII (Non-Institutional Investors) subscription is 2.66x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Finbud Financial SME IPO for retail?
At 2.89x subscription by applications, approximately 1 in 3 retail applicants can expect an allotment (~35% per application). Allotment is done by lottery.
When is Finbud Financial SME IPO allotment date?
Finbud Financial SME IPO allotment date is 11 November 2025. Check Finbud Financial SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Finbud Financial SME IPO subscription close?
Finbud Financial SME IPO subscription closed on 10 November 2025. No new applications are accepted after the close.
What is Finbud Financial SME IPO GMP today?
Finbud Financial SME IPO GMP is ₹11 today (+7.75% over issue price ₹142). See live GMP on the Finbud Financial SME IPO GMP Today page.
What is Finbud Financial SME IPO issue price and lot size?
Finbud Financial SME IPO issue price is ₹142 per share. Lot size is 1000 shares. Minimum investment is ₹2,84,000 per lot (minimum 2 lots for SME). Issue size: ₹68.09 Cr.
When is Finbud Financial SME IPO listing date?
Finbud Financial SME IPO listing date is 13 November 2025 on NSE and BSE. Allotment is on 11 November 2025.
How does subscription affect Finbud Financial SME IPO allotment?
Allotment odds in Finbud Financial SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 2.66x by applications means roughly 1 in 3 for minimum-lot bids; bNII at 2.64x (~1 in 3). At 4.43x overall, competition is moderate.
For allotment results from 11 November 2025, visit the Finbud Financial SME IPO Allotment Status page. For listing day updates on 13 November 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.