NIS Management SME IPO Subscription Status
NIS Management SME IPO closed on 28 August 2025 with an overall subscription of 3.13x based on shares applied. QIB demand came in at 2.12x, NII at 9.57x, and retail at 1.10x.
Allotment will be finalised on 29 August 2025. The stock is scheduled to list on NSE and BSE on 2 September 2025.
Issue Price
Rs 111.00
GMP Today
-
Overall Subscription
3.13x
Issue Size
₹56.34 Cr
Allotment Date
29 Aug 2025
Listing Date
2 Sept 2025
NIS Management SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 111.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 11.19 Cr | Rs 23.68 Cr | 2.12x |
| FII | - | Rs 10.51 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 13.17 Cr | - |
| NII | Rs 8.59 Cr | Rs 82.24 Cr | 9.57x |
| bNII (above Rs 10L) | Rs 5.73 Cr | Rs 77.47 Cr | 13.53x |
| Corporate | - | Rs 4.64 Cr | - |
| Individual | - | Rs 72.30 Cr | - |
| Other | - | Rs 53.28 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.86 Cr | Rs 4.77 Cr | 1.67x |
| Corporate | - | Rs 11.99 L | - |
| Individual | - | Rs 4.65 Cr | - |
| Other | - | - | - |
| IND | Rs 19.85 Cr | Rs 21.90 Cr | 1.10x |
| Fixed price | - | Rs 21.90 Cr | - |
| Total | Rs 39.63 Cr | Rs 127.82 Cr | 3.23x |
NIS Management SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 840 | 7 | 0.01x |
| FII | - | 3 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 4 | - |
| NII | 215 | 691 | 3.21x |
| bNII (above Rs 10L) | 143 | 619 | 4.33x |
| Corporate | - | 4 | - |
| Individual | - | 610 | - |
| Other | - | 5 | - |
| sNII (Rs 2L to Rs 10L) | 72 | 72 | 1.00x |
| Corporate | - | 3 | - |
| Individual | - | 69 | - |
| Other | - | - | - |
| IND | 745 | 822 | 1.10x |
| Fixed price | - | 822 | - |
| Total | 1,800 | 1,520 | 0.84x |
What Do These Subscription Numbers Mean?
A subscription of 3.13x by shares means the IPO received bids for 3 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 2.12x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 2.12x, it reflects serious institutional conviction.
NII at 3.21x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 4.33x and sNII at 1.00x by applications. Share subscription was 9.57x. Allotment uses application count, not share volume.
At 1.10x subscription by applications, approximately 1 in 1 retail applicants can expect an allotment (~91% per application). Retail allotment is done by lottery when oversubscribed.
NIS Management SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 1.10x.
- •Allotment odds: about 1 in 1 (~91% 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: 1.00x.
- •Share subscription was 1.67x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 4.33x.
- •Allotment odds: about 1 in 4 for a minimum-lot application (~23% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 13.53x. Allotment uses application count, not share volume.
Check the NIS Management SME IPO Allotment Status page from 29 August 2025 for your allotment result.
NIS Management SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 25 Aug 2025 | 0.00x | 1.33x | 0.17x | 0.37x |
| Day 2 - 26 Aug 2025 | 0.45x | 1.36x | 0.38x | 0.61x |
| Day 3 - 28 Aug 2025 | 2.12x | 9.15x | 1.10x | 3.13x |
NIS Management SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 25 August 2025 |
| IPO Close Date | 28 August 2025 |
| Allotment Date | 29 August 2025 |
| Refund Initiation | 30 August 2025 |
| Share Credit to Demat | 30 August 2025 |
| Listing Date | 2 September 2025 |
| Minimum Investment | Rs 2,66,400.00 |
| Lot Size | 1200 shares |
About NIS Management SME
NIS Management Ltd. is a service company that provides integrated security and facility management solutions. Its services include manned guarding, electronic surveillance, facility management, housekeeping, and payroll processing.
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.
NIS Management SME IPO Subscription FAQs
What is NIS Management SME IPO subscription status today?
NIS Management SME IPO subscription closed on 28 August 2025 with overall subscription of 3.13x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 2.12x, NII 3.21x, IND 1.10x.
What is the overall subscription of NIS Management SME IPO?
NIS Management SME IPO is subscribed 3.13x overall by shares at close on 28 August 2025. QIB 2.12x, NII 3.21x, and IND 1.10x.
What is NIS Management SME IPO QIB subscription?
NIS Management SME IPO QIB (Qualified Institutional Buyers) subscription is 2.12x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is NIS Management SME IPO IND subscription?
NIS Management SME IPO IND subscription is 1.10x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is NIS Management SME IPO NII subscription?
NIS Management SME IPO NII (Non-Institutional Investors) subscription is 3.21x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in NIS Management SME IPO for retail?
At 1.10x subscription by applications, approximately 1 in 1 retail applicants can expect an allotment (~91% per application). Allotment is done by lottery.
When is NIS Management SME IPO allotment date?
NIS Management SME IPO allotment date is 29 August 2025. Check NIS Management SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does NIS Management SME IPO subscription close?
NIS Management SME IPO subscription closed on 28 August 2025. No new applications are accepted after the close.
What is NIS Management SME IPO GMP today?
GMP for NIS Management SME IPO is not available yet. Track NIS Management SME IPO GMP Today on IPOwiz once grey market activity starts.
What is NIS Management SME IPO issue price and lot size?
NIS Management SME IPO issue price is ₹111 per share. Lot size is 1200 shares. Minimum investment is ₹2,66,400 per lot (minimum 2 lots for SME). Issue size: ₹56.34 Cr.
When is NIS Management SME IPO listing date?
NIS Management SME IPO listing date is 2 September 2025 on NSE and BSE. Allotment is on 29 August 2025.
How does subscription affect NIS Management SME IPO allotment?
Allotment odds in NIS Management SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 3.21x by applications means roughly 1 in 3 for minimum-lot bids; bNII at 4.33x (~1 in 4). At 3.13x overall, competition is moderate.
For allotment results from 29 August 2025, visit the NIS Management SME IPO Allotment Status page. For listing day updates on 2 September 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.