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Most Subscribed Mainline IPOs in India (All-Time)
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An issue with a strong track record and bright future prospects generally gets heavily oversubscribed. In an oversubscription, the applied number of shares is far greater than the shares on offer leading to lesser chances or no allotment.
In case of a small oversubscription, the allotment is done based on a pro-rata basis. However, in case of large oversubscription, the allotment is done on a lottery basis.
Listed below are the Top 10 Oversubscribed IPOs of India with a breakup of subscriptions across investor categories and their listing gains.
Top 10 Successful Mainline IPOs of India (Based on Subscription)
# | Issue Name | Issue Category | Issue Size (Rs Cr) | Oversubscribed (x) | QIB (x) | NII (x) | Retail (x) | Employee (x) | Others (x) | Listing Date | Offer Price (Rs) | Listing Day – Close Price (Rs) | Listing Day Gain / Loss (%) | Compare |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Latent View Analytics Limited | Mainline | 600.00 | 326.49 | 145.48 | 850.66 | 119.44 | 3.87 | Nov 23, 2021 | 197 | 488.75 | 148.10 | ||
2 | Vibhor Steel Tubes Limited | Mainline | 72.17 | 320.05 | 191.41 | 772.49 | 201.52 | 215.79 | Feb 20, 2024 | 151 | 446.25 | 195.53 | ||
3 | Paras Defence And Space Technologies Limited | Mainline | 170.78 | 304.26 | 169.65 | 927.70 | 112.81 | Oct 01, 2021 | 175 | 492.45 | 181.40 | |||
4 | Salasar Techno Engineering Ltd | Mainline | 35.87 | 273.05 | 9,999.00 | 478.39 | 58.92 | Jul 25, 2017 | 108 | 262.50 | 143.06 | |||
5 | Apollo Micro Systems Limited | Mainline | 156.00 | 248.51 | 101.93 | 958.07 | 40.19 | 16.04 | Jan 22, 2018 | 275 | 441.75 | 60.64 | ||
6 | Astron Paper & Board Mill Ltd | Mainline | 70.00 | 241.75 | 103.35 | 396.99 | 73.32 | 2.69 | Dec 29, 2017 | 50 | 120.75 | 141.50 | ||
7 | Indo Farm Equipment Limited | Mainline | 260.15 | 227.67 | 242.40 | 501.75 | 101.79 | Jan 07, 2025 | 215 | 277.80 | 29.21 | |||
8 | Manba Finance Limited | Mainline | 150.84 | 224.05 | 148.55 | 511.62 | 143.95 | Sep 30, 2024 | 120 | 157.45 | 31.21 | |||
9 | Denta Water and Infra Solutions Limited | Mainline | 220.50 | 221.54 | 236.94 | 507.07 | 90.38 | Jan 29, 2025 | 294 | 341.25 | 16.07 | |||
10 | Tega Industries Limited | Mainline | 619.23 | 219.04 | 215.45 | 666.19 | 29.44 | Dec 13, 2021 | 453 | 726.05 | 60.28 |
- The above list represents data from 2007 till date.
- The offer price above is the highest price from the IPO price band.
- (x) meaning ‘number of times’
- The listing price reflected above is of the exchange where the listing price is higher.
- Investor Categories:
- QIB – QIB includes SEBI registered Foreign Institutional Investors (FIIs), Banks, Mutual Funds and financial institutions.
- NII – NII includes Individual investors, NRIs, companies, trust, etc who bid for more than Rs 2 lakhs.
- Retails – Retails include the individual investor who applies up to Rs 2,00,000 in an IPO.
- Employee – Certain companies have a reserved quota for their employees in an IPO.
- Others – Any other eligible shareholder other than above who has a reserved quota in an IPO.
Courtsey To : Chittorgarh
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