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Retail subscription in an IPO (Initial Public Offering) refers to the IPO shares that are reserved and subscribed by retail individual investors (RIIs). RIIs are everyday investors who apply within the retail quota of up to ₹2 lakhs in an IPO. The retail subscription number in an IPO shows how many times the retail investor portion was oversubscribed . For example, if the retail quota was for 10 lakh shares and investors applied for 50 lakh shares, the retail subscription would be 5x . High retail subscription often signals strong public interest and confidence in the IPO.
