Most Subscribed IPOs in 2016

Most Subscribed IPO in 2016 | Top 10 Successful IPOs of 2016

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.

Top 10 Successful IPOs of 2016 (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 (%)
1Quess Corp Ltd400143.9959.02392.2131.23Jul 12, 201631750358.68
2Advanced Enzyme Technologies Ltd411.49116.0294.03393.111.671.73Aug 01, 20168961178.331.51
3Thyrocare Technologies Ltd479.2173.5573.18225.38.73May 09, 2016446618.138.59
4RBL Bank Ltd1212.9769.6285.08198.065.7Aug 31, 2016225299.333.02
5TeamLease Services Ltd423.6866.0226.97185.2410.611.39Feb 12, 20168501021.9520.23
6Mahanagar Gas Limited1039.6464.5472.84191.616.821.18Jul 01, 2016421519.923.49
7G N A Axles Ltd130.4154.8817.18217.4711.840.31Sep 26, 2016207245.1518.43
8Endurance Technologies Ltd1161.7343.8453.43127.072.69Oct 19, 2016472647.737.22
9Ujjivan Financial Services Ltd887.6940.6833.84135.454.02May 10, 2016210231.610.29
10PNB Housing Finance Ltd3000.7529.5337.3386.171.320.46Nov 07, 2016775890.614.92
  • 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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