Most Subscribed IPOs in 2023

Most Subscribed IPO in 2023 | Top 10 Successful IPOs of 2023

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.

<< Year 2022	2023	Year 2024 > >

Top 10 Successful IPOs of 2023 (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 (%)
1	Motisons Jewellers Limited	151.09	173.23	135.01	311.99	135.6			Dec 26, 2023	55	101.18	83.96
2	Plaza Wires Limited	71.28	160.97	42.84	388.09	374.81			Oct 12, 2023	54	80.23	48.57
3	Utkarsh Small Finance Bank Limited	500	110.77	135.71	88.74	78.38	18.02		Jul 21, 2023	25	47.94	91.76
4	ideaForge Technology Limited	567.29	106.06	125.81	80.58	85.2	96.65		Jul 07, 2023	672	1295.5	92.78
5	DOMS Industries Limited	1200	99.34	122.16	70.06	73.38			Dec 20, 2023	790	1330.85	68.46
6	Aeroflex Industries Limited	351	97.11	194.73	126.13	34.41		28.52	Aug 31, 2023	108	163.15	51.06
7	Ratnaveer Precision Engineering Limited	165.03	93.99	133.05	135.21	54			Sep 11, 2023	98	134.4	37.14
8	Netweb Technologies India Limited	631	90.55	220.69	83.21	19.48	55.92		Jul 27, 2023	500	910.5	82.1
9	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
10	Azad Engineering Limited	740	83.04	179.64	90.24	24.51			Dec 28, 2023	524	677.1	29.22

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<< Year 2022	2023	Year 2024 > >

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.