Pajson Agro India SME IPO Subscription Status

A subscription of 6.59x means the IPO received bids for 7 times the number of shares available. For every 7 applications, only 1 can receive an allotment.

Here is what each category number tells you:

QIB at 10.92x: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 10.92x, it reflects serious institutional conviction.

NII at 7.26x: NII includes high net worth individuals applying above Rs 2 lakh. At 7.26x, allotment probability for NII applicants is very low. The bNII segment came in at 8.32x and sNII at 5.14x.

Retail at 3.85x: Retail investors applying up to Rs 2 lakh saw 3.85x subscription. Allotment in the retail category is done by lottery when oversubscription exceeds 1x. At 3.85x applications received, roughly 1 in 4 retail applicants can expect an allotment (~26%).

Based on the final subscription data, here is a realistic view of allotment probability by category.

Retail Category: Retail subscription came in at 3.85x based on shares applied and 3.85x based on applications. In the retail category, SEBI mandates a minimum of one lot per applicant when possible. Allotment is done by lottery. At 3.85x applications received, approximately 1 in 4 retail applicants can expect an allotment. Applying from multiple accounts does not improve individual chances but increases household probability if each account is eligible.

NII Category: NII allotment is proportional, not by lottery. At 7.26x, an NII applicant applying for the minimum NII lot can expect a very small proportional allotment. Larger NII applications receive proportionally more shares but the effective return per rupee invested is diluted significantly at this oversubscription level.

QIB Category: QIB allotment is discretionary and handled by the book running lead managers. Retail investors do not participate in this category.

Check the Pajson Agro India SME IPO Allotment Status page from 16 December 2025 for your allotment result.

GMP for Pajson Agro India SME stands at Rs 6.00 today, giving an estimated listing price of Rs 124.00 per share.

A subscription of 6.59x combined with a GMP of 5.08% 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 Pajson Agro India SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.

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For allotment results from 16 December 2025, visit the Pajson Agro India SME IPO Allotment Status page. For listing day updates on 18 December 2025, download the IPOwiz App.