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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 2011 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 | Lovable Lingeries Ltd | 93.28 | 35.21 | 21.87 | 99.87 | 20.84 | Mar 24, 2011 | 205 | 249.2 | 21.56 | |||
2 | Muthoot Finance Ltd | 901.25 | 24.55 | 25.01 | 60.94 | 8.5 | May 06, 2011 | 175 | 176.25 | 0.71 | |||
3 | Tata Steel Ltd | 3477 | 6.03 | 10.41 | 7.21 | 1.6 | 0.06 | Feb 02, 2011 | 610 | 625.7 | 2.57 | ||
4 | L&T Finance Holdings Limited | 1245 | 5.34 | 1.93 | 6.18 | 9.61 | 1.53 | 3.35 | Aug 12, 2011 | 52 | 49.95 | -3.94 | |
5 | Omkar Speciality Chemicals Ltd | 79.38 | 4.67 | 0.82 | 5.27 | 9.9 | Feb 10, 2011 | 98 | 46.2 | -52.86 | |||
6 | Inventure Growth & Securities Ltd | 81.9 | 4.58 | 0.25 | 9.49 | 8.66 | Aug 04, 2011 | 117 | 207.95 | 77.74 | |||
7 | Power Finance Corporation Ltd | 4578.2 | 4.34 | 6.92 | 1.2 | 2 | 0.91 | May 27, 2011 | 203 | 199.45 | -1.75 | ||
8 | Vaswani Industries Ltd | 49 | 4.16 | 0.16 | 11.29 | 6.83 | Sep 20, 2011 | 49 | 17.75 | -63.78 | |||
9 | TD Power Systems Ltd | 227 | 2.92 | 6.52 | 0.38 | 0.38 | Sep 08, 2011 | 256 | 274.8 | 7.34 | |||
10 | Rushil Decor Ltd | 40.64 | 2.62 | 0.23 | 1.35 | 6.57 | Jul 07, 2011 | 72 | 119.65 | 66.18 |
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