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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 2016 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 | Quess Corp Ltd | 400 | 143.99 | 59.02 | 392.21 | 31.23 | Jul 12, 2016 | 317 | 503 | 58.68 | |||
2 | Advanced Enzyme Technologies Ltd | 411.49 | 116.02 | 94.03 | 393.1 | 11.67 | 1.73 | Aug 01, 2016 | 896 | 1178.3 | 31.51 | ||
3 | Thyrocare Technologies Ltd | 479.21 | 73.55 | 73.18 | 225.3 | 8.73 | May 09, 2016 | 446 | 618.1 | 38.59 | |||
4 | RBL Bank Ltd | 1212.97 | 69.62 | 85.08 | 198.06 | 5.7 | Aug 31, 2016 | 225 | 299.3 | 33.02 | |||
5 | TeamLease Services Ltd | 423.68 | 66.02 | 26.97 | 185.24 | 10.61 | 1.39 | Feb 12, 2016 | 850 | 1021.95 | 20.23 | ||
6 | Mahanagar Gas Limited | 1039.64 | 64.54 | 72.84 | 191.61 | 6.82 | 1.18 | Jul 01, 2016 | 421 | 519.9 | 23.49 | ||
7 | G N A Axles Ltd | 130.41 | 54.88 | 17.18 | 217.47 | 11.84 | 0.31 | Sep 26, 2016 | 207 | 245.15 | 18.43 | ||
8 | Endurance Technologies Ltd | 1161.73 | 43.84 | 53.43 | 127.07 | 2.69 | Oct 19, 2016 | 472 | 647.7 | 37.22 | |||
9 | Ujjivan Financial Services Ltd | 887.69 | 40.68 | 33.84 | 135.45 | 4.02 | May 10, 2016 | 210 | 231.6 | 10.29 | |||
10 | PNB Housing Finance Ltd | 3000.75 | 29.53 | 37.33 | 86.17 | 1.32 | 0.46 | Nov 07, 2016 | 775 | 890.6 | 14.92 |
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