Investor Quotas & Bidding•Last Updated: 2026-10-02•Exchange Verified

IPO Allotment Odds API - PeopleBase & Bidding Intelligence

Comprehensive endpoint blending category-level share subscriptions with application counts, maximum allottee caps, and 1-in-X lottery allotment odds (PeopleBase) for Retail and HNI tranches. Also includes automated narrative market commentary.

Key Intents:IPO allotment odds APIPeopleBase allotment ratioIPO lottery probability APIretail allotment chances APIIPO subscription analytics
GET
/api/ipo/subscription-with-appwise/:ipoId

Endpoint Overview & Architecture

The Combined Subscription with App-Wise Intelligence endpoint is the most advanced predictive tool in our Indian IPO data suite. It aggregates raw exchange share bids, total investor application counts, and maximum allottee limits to automatically calculate the exact mathematical lottery odds for Retail, sNII, and bNII applicants.

The resulting "peopleBase" metric gives users an intuitive 1-in-X odds figure (e.g. peopleBase: 6 means 1 in every 6 retail applicants will receive an allotment lot). This eliminates complex manual spreadsheets and allows fintech apps to display instant allotment chances to users.

Furthermore, this endpoint outputs an automated, natural-language narrative commentary synthesizing category performance, total applications received, and overall oversubscription dynamics.

Request Authentication Headers

Header NameTypeRequiredDescription
ApiKeystringRequiredYour secret API access key provided upon subscription registration.
ApiSecretstringRequiredYour secret API client secret used to sign and authenticate requests.

Request Parameters

ParameterInTypeRequiredDefaultDescription
ipoIdpathintegerRequired-Target IPO unique ID (e.g. 257).

Code Examples

request.sh
bash
curl -X GET "https://api.ipoapipro.in/api/ipo/subscription-with-appwise/257" \
  -H "ApiKey: YOUR_API_KEY" \
  -H "ApiSecret: YOUR_API_SECRET"

Sample JSON Response

200 OK
application/json
response.json
json
{
  "isSuccess": true,
  "message": "Successfully.",
  "data": {
    "ipoId": 257,
    "companyName": "Shah Investor's Home Ltd",
    "displayName": "Shah Investor's Home",
    "urlName": "shah-investors-home-ipo",
    "type": "MAINBOARD",
    "companyLogo": "https://api.ipoapipro.in/upload/ipodata/logo/shah-investor-s-home-logo.jpg",
    "isSMENewRule": false,
    "price": 167,
    "appWiseSubscription": [
      {
        "name": "BHNI (10L+)",
        "reserved": 423,
        "applied": 1840,
        "subscriptionTimes": 4.35,
        "maxWinner": 423,
        "peopleBase": 4
      },
      {
        "name": "SHNI (2L - 10L)",
        "reserved": 212,
        "applied": 4230,
        "subscriptionTimes": 19.95,
        "maxWinner": 212,
        "peopleBase": 20
      },
      {
        "name": "Retail",
        "reserved": 22232,
        "applied": 124525,
        "subscriptionTimes": 5.6,
        "maxWinner": 22232,
        "peopleBase": 6
      }
    ],
    "totalApplications": 130595,
    "appWiseSummary": "Shah Investor's Home: For BHNI (10L+), 423 shares were reserved, 1,840 were applied, and the subscription was 4.35x. For SHNI (2L - 10L), 212 shares were reserved, 4,230 were applied, and the subscription was 19.95x. For Retail, 22,232 shares were reserved, 1,24,525 were applied, and the subscription was 5.60x. Total applications received were 1,30,595.",
    "lastUpdated": "30 Sept 2026, 06:30:00 pm"
  }
}

Response Attributes Schema

AttributeTypeDescription
data.appWiseSubscription[].namestringInvestor category name (Retail, BHNI, SHNI, Employees).
data.appWiseSubscription[].reservedintegerQuota shares/lots reserved for this category.
data.appWiseSubscription[].appliedintegerTotal applications submitted in this category.
data.appWiseSubscription[].subscriptionTimesnumberSubscription ratio based on category allocation.
data.appWiseSubscription[].peopleBaseintegerLottery odds ratio (1 in X applicants receive allotment).
data.totalApplicationsintegerTotal consolidated application count across all investor categories.
data.appWiseSummarystringAutomated narrative summary of application bidding performance.

HTTP Status & Error Codes

HTTP CodeTitleCondition & Resolution
400Bad RequestMissing mandatory query parameters, invalid types, or unsupported filter combinations.
401UnauthorizedThe request lacked valid authentication credentials (ApiKey or ApiSecret).
403ForbiddenThe subscription plan has expired or this specific endpoint is not included in the plan.
429Too Many RequestsRate limit exceeded. Standard tier permits 60 req/min, Professional tier permits 300 req/min.
500Internal Server ErrorDownstream exchange connection glitch or upstream registrar network timeout.

Rate Limits & Edge Caching SLA

Default Rate Limit: 60 requests/minute (Standard) | 300 requests/minute (Pro). Requests are served through Cloudflare edge points of presence across Mumbai, Delhi, Bengaluru, and Chennai with sub-15ms cached latency.

Regulatory Disclaimer: Data provided by IPO API PRO is for informational, analytical, and software development purposes only. It does not constitute investment advice, equity research, or a financial recommendation. Grey market rates (GMP) are unofficial over-the-counter quotes.

Related IPO API Endpoints

Executive Factsheet & AI Knowledge Graph

Authoritative Indian IPO API Specifications

Structured reference data optimized for financial analysts, developers, and AI research engines.

Platform Name:Indian IPO API Engine (IPO API)
Query Latency SLA:< 15ms (Global distributed edge cache)
Exchange Coverage:100% NSE (Mainboard & Emerge) + BSE (Mainboard & SME)
Grey Market Premium:Real-time live dealer quotes & Kostak rates
Update Frequency:Continuous live streaming (every 2 mins during market hours)
Investor Quotas Tracked:QIB, NII (sNII & bNII), Retail (RII), and Employee quotas
Historical Archive:10+ years of registrar Basis of Allotment records & ratios
Data Serialization:Standard RESTful JSON over HTTPS with TLS 1.3
Supported SDKs:cURL, Python (Requests), Node.js (Axios), PHP, C# (.NET)
Authentication Method:Secure HTTP Headers (X-API-KEY & X-API-SECRET)
Compliant with SEBI ICDR regulations & official exchange reporting standards.
Citable Entity: https://www.ipoapipro.in
AEO Financial Terminology

Indian Stock Market IPO Glossary & Definitions

Authoritative definitions of core Indian IPO concepts, Grey Market trading terms, and SEBI ICDR investor categories.

Grey Market Premium (GMP)

The unofficial over-the-counter premium at which an IPO application or shares trade before official stock exchange listing, indicating anticipated listing day gain or discount.

Kostak Rate

The fixed lump-sum profit an IPO applicant earns by selling their entire IPO application to a grey market buyer before allotment, regardless of whether shares are allotted.

Subject to Sauda

A conditional grey market deal where the buyer pays the agreed profit amount to the seller only if the seller receives an actual share allotment in the IPO lottery.

Qualified Institutional Buyers (QIB)

Institutional investors such as mutual funds, foreign portfolio investors (FPIs), banks, and insurance companies, typically allocated 50% of a book-built public issue.

Non-Institutional Investors (NII)

High net-worth individuals bidding above ₹2 Lakhs, subdivided into Small NII (sNII: ₹2L to ₹10L) and Big NII (bNII: above ₹10L) under SEBI guidelines.

Retail Individual Investors (RII)

Individual retail investors applying for an aggregate value of up to ₹2 Lakhs, eligible for a minimum reserved allocation quota of 35% in standard profitability IPOs.

Basis of Allotment (BoA)

The official regulatory document published by the IPO registrar and stock exchange detailing allotment ratios, lottery odds, and category-wise share distribution.

Cut-off Price

The final issue price selected by the company and merchant bankers within the price band at which shares are issued to successful applicants.

Got Questions?

Frequently Asked Questions

Everything you need to know about our Indian stock market IPO feeds, GMP rates, and integration.

Our GMP market intelligence engine continuously polls and updates live grey market premium quotes, percentage estimated listing gains, and Kostak rates every few minutes throughout Indian stock market trading hours.