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.

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) Others (x) Listing Date Offer Price (Rs) Listing Day - Close Price (Rs) Listing Day Gain / Loss (%)
1Future Capital Holdings Ltd491.34133.44180.7284.3855.22Feb 01, 2008765908.218.72
2BGR Energy Systems Limited438.53119.54161.67153.0846.891.46Jan 03, 2008480901.387.77
3Reliance Power Limited11563.273.0482.62190.0214.87Feb 11, 2008450372.5-17.22
4Rural Electrification Corporation Ltd.1639.2627.7639.327.127.680.94Mar 12, 2008105121.215.43
5Aishwarya Telecom Limited14208.4429.1433.991.04May 07, 20083590.85159.57
6OnMobile Global Limited479.6210.9517.162.631.31Feb 19, 2008440521.918.61
7Sejal Architectural Glass Ltd105.739.94.2633.177.98Jul 01, 200811581.5-29.13
8Aries Agro Limited58.57.628.168.516.46Jan 11, 2008130251.693.54
9Titagarh Wagons Limited128.726.7510.372.770.980.07Apr 21, 2008540707.230.96
10Cords Cable Industries Limited41.654.996.835.112.581.01Feb 13, 2008135138.32.44
  • 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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