Sai Urja Indo SME IPO Subscription
ListedUpdated 5 October 2026, 9:15 AM IST· BSE SME
Sai Urja Indo SME IPO subscription closed on 29 September 2026 at 4.85x overall by shares. QIB demand came in at 2.80x, NII at 8.50x, and retail at 4.04x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 30 September 2026. Listing date on NSE and BSE is 5 October 2026.
Sai Urja Indo SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 25 Sept 2026 | 0.00x | 0.07x | 0.05x | 0.04x |
| Day 2 - 28 Sept 2026 | 0.00x | 0.08x | 0.43x | 0.23x |
| Day 3 - 29 Sept 2026 | 2.80x | 9.90x | 4.04x | 4.95x |
Sai Urja Indo SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Sai Urja Indo SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 4.04x | 1 in 4 |
| SHNI (Rs 2L to Rs 10L) | 7.77x | 1 in 8 |
| BHNI (above Rs 10L) | 2.97x | 1 in 3 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Sai Urja Indo SME IPO Allotment Status page from 30 September 2026 for your result.
Sai Urja Indo SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 113.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 4.43 Cr | Rs 12.42 Cr | 2.80x |
| FII | - | Rs 6.35 Cr | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 6.07 Cr | - |
| NII | Rs 4.27 Cr | Rs 36.29 Cr | 8.50x |
| bNII (above Rs 10L) | Rs 2.84 Cr | Rs 25.07 Cr | 8.81x |
| Corporate | - | Rs 2.55 Cr | - |
| Individual | - | Rs 21.87 Cr | - |
| Other | - | Rs 65.09 L | - |
| sNII (Rs 2L to Rs 10L) | Rs 1.42 Cr | Rs 11.21 Cr | 7.88x |
| Corporate | - | Rs 20.34 L | - |
| Individual | - | Rs 10.81 Cr | - |
| Other | - | Rs 20.34 L | - |
| IND | Rs 8.03 Cr | Rs 32.41 Cr | 4.04x |
| Fixed price | - | Rs 32.41 Cr | - |
| Total | Rs 16.73 Cr | Rs 81.12 Cr | 4.85x |
Sai Urja Indo SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 327 | 7 | 0.02x |
| FII | - | 1 | - |
| DFI | - | - | - |
| Mutual Funds | - | - | - |
| Other | - | 6 | - |
| NII | 105 | 480 | 4.57x |
| bNII (above Rs 10L) | 70 | 208 | 2.97x |
| Corporate | - | 2 | - |
| Individual | - | 200 | - |
| Other | - | 6 | - |
| sNII (Rs 2L to Rs 10L) | 35 | 272 | 7.77x |
| Corporate | - | 5 | - |
| Individual | - | 262 | - |
| Other | - | 5 | - |
| IND | 296 | 1,195 | 4.04x |
| Fixed price | - | 1,195 | - |
| Total | 728 | 1,682 | 2.31x |
What Do These Subscription Numbers Mean?
4.85x overall by shares means bids covered about 5 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 2.80x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (4.57x by applications). Split: SHNI 7.77x, BHNI 2.97x by applications. SHNI and BHNI allotment is by lottery.
At 4.04x subscription by applications, about 1 in 4 retail applicants may get allotment (~25% chance per application). Retail allotment is also by lottery.
Sai Urja Indo SME IPO GMP After Subscription
GMP for Sai Urja Indo SME stands at Rs 32.00 today, giving an estimated listing price of Rs 145.00 per share.
The GMP has been mixed from Rs 8.00 on 1 Oct 2026 to Rs 11.00 on 5 Oct 2026.
A subscription of 4.85x combined with a GMP of 28.32% 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 Sai Urja Indo SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Sai Urja Indo SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 25 September 2026 |
| IPO Close Date | 29 September 2026 |
| Allotment Date | 30 September 2026 |
| Refund Initiation | 1 October 2026 |
| Share Credit to Demat | 1 October 2026 |
| Listing Date | 5 October 2026 |
| Minimum Investment | Rs 2,71,200.00 |
| Lot Size | 1200 shares |
About Sai Urja Indo SME
No company information available
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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Sai Urja Indo SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Sai Urja Indo SME Details
Issue size, price, financials, and company info
Sai Urja Indo SME GMP
Live grey market premium and listing estimate
Sai Urja Indo SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Sai Urja Indo SME Allotment
Allotment date, chances, and check by PAN
Sai Urja Indo SME Review
SWOT, strengths, risks, and IPO review
Sai Urja Indo SME FAQ
Common questions on dates, GMP, and allotment
Sai Urja Indo SME Registrar
Registrar website and how to check allotment
Sai Urja Indo SME Timeline
Open, close, allotment, and listing dates
Sai Urja Indo SME News
Updates, blogs, and latest IPO news
Sai Urja Indo SME IPO Subscription FAQs
What is Sai Urja Indo SME IPO subscription status today?
Sai Urja Indo SME IPO subscription closed on 29 September 2026 with overall subscription of 4.85x (by shares) as of 12 October 2026, 5:17 AM IST. QIB 2.80x, NII 4.57x, IND 4.04x.
What is the overall subscription of Sai Urja Indo SME IPO?
Sai Urja Indo SME IPO is subscribed 4.85x overall by shares at close on 29 September 2026. QIB 2.80x, NII 4.57x, and IND 4.04x.
What is Sai Urja Indo SME IPO QIB subscription?
Sai Urja Indo SME IPO QIB (Qualified Institutional Buyers) subscription is 2.80x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Sai Urja Indo SME IPO IND subscription?
Sai Urja Indo SME IPO IND subscription is 4.04x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Sai Urja Indo SME IPO NII, SHNI, and BHNI subscription?
Sai Urja Indo SME IPO NII subscription is 4.57x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 7.77x and BHNI (above Rs 10L) at 2.97x.
What are Sai Urja Indo SME IPO retail allotment chances?
At 4.04x subscription by applications, about 1 in 4 retail applicants may get allotment (~25% chance per application). Allotment is by lottery.
What are Sai Urja Indo SME IPO SHNI allotment chances?
At 7.77x subscription by applications, about 1 in 8 SHNI applicants may get allotment (~13% chance per application). Allotment is by lottery.
What are Sai Urja Indo SME IPO BHNI allotment chances?
At 2.97x subscription by applications, about 1 in 3 BHNI applicants may get allotment (~34% chance per application). Allotment is by lottery. Share subscription was 8.81x. Allotment chances use applications, not share volume.
When is Sai Urja Indo SME IPO allotment date?
Sai Urja Indo SME IPO allotment date is 30 September 2026. Check Sai Urja Indo SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Sai Urja Indo SME IPO subscription close?
Sai Urja Indo SME IPO subscription closed on 29 September 2026. No new applications are accepted after the close.
What is Sai Urja Indo SME IPO GMP today?
Sai Urja Indo SME IPO GMP is ₹32 today (+28.32% over issue price ₹113). See live GMP on the Sai Urja Indo SME IPO GMP Today page.
What is Sai Urja Indo SME IPO issue price and lot size?
Sai Urja Indo SME IPO issue price is ₹113 per share. Lot size is 1200 shares. Minimum investment is ₹2,71,200 per lot (minimum 2 lots for SME). Issue size: ₹24.95 Cr.
When is Sai Urja Indo SME IPO listing date?
Sai Urja Indo SME IPO listing date is 5 October 2026 on NSE and BSE. Allotment is on 30 September 2026.
How does subscription affect Sai Urja Indo SME IPO allotment?
In Sai Urja Indo SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 4.85x overall, competition is moderate.
For allotment results from 30 September 2026, visit the Sai Urja Indo SME IPO Allotment Status page. For listing day updates on 5 October 2026, download the IPOwiz App.
Sources
We match Sai Urja Indo SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.