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Most Subscribed IPOs in 2024

Most Subscribed IPO in 2024 | Top 10 Successful IPOs of 2024

When the number of shares applied for is far greater than the number of shares offered in an issue, it leads to an oversubscription. An oversubscribed issue is generally presumed to be successful ones with possibility of premium listing due to the huge demand.

The IPO subscription status and allotment has an inverse relation. The higher the subscription lesser are the chances of allotment and vice versa.

Listed below are the Top 10 Oversubscribed IPOs of 2024 with breakup of subscription across investor categories and their listing gains.

Top 10 Successful IPOs of 2024 (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
1Vibhor Steel Tubes Limited72.17320.05191.41772.49201.52215.79Feb 20, 2024151442192.72
2BLS E-Services Limited310.91162.38123.3300.05236.5315.3Feb 06, 2024135370.75174.63
3Mukka Proteins Limited224136.99189.28250.3958.52Mar 07, 20242842.2650.93
4Exicom Tele-Systems Limited429133.56124.82159.29124.27Mar 05, 2024142225.6558.91
5Nova AgriTech Limited143.81113.2181.13233.0380.2Jan 31, 20244158.7943.39
6Platinum Industries Limited235.3298.99151141.7950.92Mar 05, 2024171220.929.18
7Rashi Peripherals Limited60062.95151.4566.1511.01Feb 14, 2024311320.553.07
8Apeejay Surrendra Park Hotels Limited92062.9179.2355.26325.73Feb 12, 2024155203.4531.26
9Jyoti CNC Automation Limited100040.4946.3738.3327.513.14Jan 16, 2024331433.1530.86
10JG Chemicals Limited251.1928.5232.3347.9218.03Mar 13, 2024221184.65-16.45
  • The offer price above is the highest price from the IPO price band.
  • The listing price reflected above is of the exchange where the listing price is higher.
  • (x) meaning 'number of times'
  • 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.

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