Sai Urja Indo Ventures IPO Subscription Status Day 2: Issue Subscribed 0.23 Times

Authored By HDFC SKY | Last Modified: Sep 28, 2026 06:47 PM IST

Sai Urja Indo Ventures IPO was subscribed 0.23x on Day 2, with QIB at 0.00x, NII at 0.08x and retail at 0.43x as of 5:05 PM on September 28 2026.

Sai Urja Indo Ventures IPO Subscription Status Day 2

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Mumbai, September 28: Sai Urja Indo Ventures IPO, a bookbuilding issue of ₹24.95 crore, opened for subscription on September 25 2026 and will close on September 29 2026. The issue comprises a fresh issue of 18.29 lakh shares aggregating ₹20.67 crore and an offer for sale of 3.79 lakh shares aggregating ₹4.28 crore. The price band is fixed at ₹107 to ₹113 per share. On the second day of bidding, the Sai Urja Indo Ventures IPO was subscribed 0.23 times as of 5:05 PM on September 28 2026.

Sai Urja Indo Ventures IPO Day 2 Subscription Status

The IPO received bids for 3,26,400 shares against 14,05,200 shares offered to the public, taking the overall subscription to 0.23 times as of 5:05 PM on September 28 2026.

Category	Subscription (x)	Shares Offered	Shares Bid For
QIB (Ex Anchor)	0.00x	3,92,400	0
NII	0.08x	3,02,400	24,000
bNII (>₹10L)	0.05x	2,01,600	9,600
sNII (<₹10L)	0.14x	1,00,800	14,400
Individual Investors	0.43x	7,10,400	3,02,400
Total	0.23x	14,05,200	3,26,400

The anchor portion of 5,86,800 shares was subscribed 1.00 times, while the market maker portion of 2,16,000 shares was also subscribed 1.00 times.

Sai Urja Indo Ventures Day-Wise Subscription Summary

The IPO was subscribed 0.04 times on Day 1 and 0.23 times on Day 2.

Date	QIB (Ex Anchor)	NII	bNII (>₹10L)	sNII (<₹10L)	Individual Investors	Total
September 25 2026 (Day 1)	0.00x	0.07x	0.05x	0.11x	0.05x	0.04x
September 28 2026 (Day 2)	0.00x	0.08x	0.05x	0.14x	0.43x	0.23x

Sai Urja Indo Ventures IPO Timeline

IPO Milestone	Date
Issue Open Date	September 25 2026
Issue Close Date	September 29 2026
Basis of Allotment Date	September 30 2026
Initiation of Refunds	October 1 2026
Credit of Shares	October 1 2026
Listing Date	October 5 2026

Brief Overview Of The IPO

Sai Urja Indo Ventures IPO is a bookbuilding issue of ₹24.95 crore, comprising a fresh issue of 18,29,000 shares aggregating ₹20.67 crore and an offer for sale of 3,79,000 shares aggregating ₹4.28 crore. The price band is fixed at ₹107 to ₹113 per share, with a lot size of 1,200 shares. Retail investors can apply for a minimum of 2,400 shares, requiring an investment of ₹2,71,200 at the upper price band. The minimum application for S-HNI investors is three lots, or 3,600 shares, amounting to ₹4,06,800. The IPO closes on September 29 2026. The basis of allotment is expected on September 30, followed by refunds and credit of shares on October 1. The shares are scheduled to list on the BSE SME platform on October 5 2026.

Source:

https://www.bseindia.com/markets/publicIssues/DisplayIPO?id=4847&type=IPO&idtype=1&status=L&IPONo=7996&startdt=25%2F09%2F2026

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