Most Subscribed IPOs in 2008

Most Subscribed IPO in 2008 | Top 10 Successful IPOs of 2008

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 2008 with breakup of subscription across investor categories and their listing gains.

	2008	Year 2009 > >

Top 10 Successful IPOs of 2008 (Based on Subscription)

#	Issue Name	Issue Size (Rs Cr)	Oversubscribed (x)	QIB (x)	NII (x)	Retail (x)	Employee (x)	Listing Date	Offer Price (Rs)	Listing Day - Close Price (Rs)	Listing Day Gain / Loss (%)
1	Aishwarya Telecom Limited	14	20	8.44	29.14	33.99	1.04	May 07, 2008	35	90.85	159.57
2	BGR Energy Systems Limited	438.53	119.54	161.67	153.08	46.89	1.46	Jan 03, 2008	480	901.3	87.77
3	Cords Cable Industries Limited	41.65	4.99	6.83	5.11	2.58	1.01	Feb 13, 2008	135	138.3	2.44
4	Sejal Architectural Glass Ltd	105.73	9.9	4.26	33.17	7.98		Jul 01, 2008	115	81.5	-29.13
5	Rural Electrification Corporation Ltd.	1639.26	27.76	39.3	27.12	7.68	0.94	Mar 12, 2008	105	121.2	15.43
6	Titagarh Wagons Limited	128.72	6.75	10.37	2.77	0.98	0.07	Apr 21, 2008	540	707.2	30.96
7	OnMobile Global Limited	479.62	10.95	17.16	2.63	1.31		Feb 19, 2008	440	521.9	18.61
8	Reliance Power Limited	11563.2	73.04	82.62	190.02	14.87		Feb 11, 2008	450	372.5	-17.22
9	IRB Infrastructure Developers Ltd	944.57	4.3	6.42	1.56	0.99	0.94	Feb 25, 2008	185	189.05	2.19
10	Aries Agro Limited	58.5	7.62	8.16	8.51	6.46		Jan 11, 2008	130	251.6	93.54

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	2008	Year 2009 > >

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.