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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 2023 with breakup of subscription across investor categories and their listing gains.
# | 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 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1 | Aeroflex Industries Limited | 351 | 97.11 | 194.73 | 126.13 | 34.41 | 28.52 | Aug 31, 2023 | 108 | 163.15 | 51.06 | ||
2 | ideaForge Technology Limited | 567.29 | 106.06 | 125.81 | 80.58 | 85.2 | 96.65 | Jul 07, 2023 | 672 | 1295.5 | 92.78 | ||
3 | Motisons Jewellers Limited | 151.09 | 173.23 | 135.01 | 311.99 | 135.6 | Dec 26, 2023 | 55 | 101.18 | 83.96 | |||
4 | Vishnu Prakash R Punglia Limited | 308.88 | 87.82 | 171.69 | 111.03 | 32.01 | 12.97 | Sep 05, 2023 | 99 | 145.93 | 47.4 | ||
5 | Utkarsh Small Finance Bank Limited | 500 | 110.77 | 135.71 | 88.74 | 78.38 | 18.02 | Jul 21, 2023 | 25 | 47.94 | 91.76 | ||
6 | Netweb Technologies India Limited | 631 | 90.55 | 220.69 | 83.21 | 19.48 | 55.92 | Jul 27, 2023 | 500 | 910.5 | 82.1 | ||
7 | DOMS Industries Limited | 1200 | 99.34 | 122.16 | 70.06 | 73.38 | Dec 20, 2023 | 790 | 1330.85 | 68.46 | |||
8 | Plaza Wires Limited | 71.28 | 160.97 | 42.84 | 388.09 | 374.81 | Oct 12, 2023 | 54 | 80.23 | 48.57 | |||
9 | Azad Engineering Limited | 740 | 83.04 | 179.64 | 90.24 | 24.51 | Dec 28, 2023 | 524 | 677.1 | 29.22 | |||
10 | Ratnaveer Precision Engineering Limited | 165.03 | 93.99 | 133.05 | 135.21 | 54 | Sep 11, 2023 | 98 | 134.4 | 37.14 |
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