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Most Subscribed IPOs in India (All Time)

Most Subscribed IPO in India | Top 10 Successful IPO

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 or no allotment.

In case of a small oversubscription, the allotment is done based on pro-rata basis. However, in case of large oversubscription, the allotment is done on lottery basis.

Listed below is the Top 10 Oversubscribed IPOs of India with breakup of subscription across investor categories and their listing gains.

Top 10 Successful IPOs of India (Based on Subscription)

# Issue Name 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
1MTAR Technologies Limited596.41200.79164.99650.7928.4Mar 15, 20215751082.2588.22
2Tega Industries Limited619.23219.04215.45666.1929.44Dec 13, 2021453725.560.15
3Mrs. Bectors Food Specialities Limited540.54198.02176.85620.8629.3345.46Dec 24, 2020288595.55106.79
4Paras Defence And Space Technologies Limited170.78304.26169.65927.7112.81Oct 01, 2021175498.75185
5Latent View Analytics Limited600326.49145.48850.66119.443.87Nov 23, 2021197488.6148.02
6Apollo Micro Systems Limited156248.51101.93958.0740.1916.04Jan 22, 2018275454.165.13
7Vibhor Steel Tubes Limited72.17320.05191.41772.49201.52215.79Feb 20, 2024151442192.72
8Capacit'e Infraprojects Limited400183.03131.32638.0517.57Sep 25, 2017250342.436.96
9Salasar Techno Engineering Ltd35.87273.059999478.3958.92Jul 25, 2017108259.15139.95
10Astron Paper & Board Mill Ltd70241.75103.35396.9973.322.69Dec 29, 201750119.7139.4
  • 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, trusts etc who bid for more than Rs 2 lakhs.
    • Retails - Retails include the individual investor who apply 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 have a reserved quote in an IPO.

3 Comments

3. Suresh Chhabra   I Like It. |Report Abuse|  Link|March 6, 2024 6:59:45 AMReply
Why is Esconet Technologies not mentioned in this list?
2. Chakradhar   I Like It. |Report Abuse|  Link|December 15, 2023 3:00:22 PMReply
This is incorrect. Tata Timken's IPO was oversubscribed by over 3000 times 30 years ago.
2.1. Sreekanth RV   I Like It. |Report Abuse|  Link|February 27, 2024 5:52:43 PM
This data is from 2007. Read the notes below the graph
1. Samudrika   I Like It. |Report Abuse|  Link|July 7, 2023 10:53:07 AMReply
Thanks Chittorgarh for this data collation. It is very useful.

I was wondering if current share price can also be added to this table. It would give an understanding of how these stocks have performed so far.