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IPO's of SME companies with strong management and financial track record finds a large number of buyers at the time of IPO. This results in a higher IPO subscription. The higher demand for IPO shares results in excellent IPO listing gains.
The IPO with higher subscription in India has a better chance of bumper listing at the stock exchange because of the higher demand of the company shares. These IPO's are good for short term listing gain as well as long term investment. Note that in the case of over-subscription, the allotment is done through a lottery in retail investor category. The chance of getting the allotment reduces significantly with the higher subscription.
This report provides the list of top 10 SME IPO in India 2018 by their subscription. These are the most popular IPO of 2018 and the highest IPO in India.
| Company Name | Issue Size (Rs Cr) | QIB (x) | NII (x) | Retail (x) | Employee (x) | Others (x) | Total (x) |
|---|---|---|---|---|---|---|---|
| Jhandewalas Foods Limited | 16.01 | 466.69 | 88.58 | 278.82 | |||
| Vasa Retail and Overseas Ltd | 4.8 | 175.44 | 259.96 | 218 | |||
| Tasty Dairy Specialities Ltd | 24.44 | 155.32 | 40.6 | 97.96 | |||
| E2E Networks Limited | 21.99 | 130.82 | 13.39 | 73.81 | |||
| Ranjeet Mechatronics Limited | 4.5 | 77.48 | 62.03 | 69.75 | |||
| Dangee Dums Limited | 20.07 | 104.01 | 23.85 | 63.98 | |||
| Sintercom India Limited | 42.55 | 5.8 | 203.72 | 16.41 | 3.92 | 38.92 | |
| SoftTech Engineers Limited | 22.81 | 31.21 | 28.94 | 30.82 | |||
| South West Pinnacle Exploration Ltd | 35.86 | 18.04 | 144.16 | 11.7 | 2.82 | 29.42 | |
| Mahickra Chemicals Limited | 5.25 | 22.42 | 9.88 | 27.85 |
The SME IPO gets listed at BSE SME or NSE Emerge platform of BSE and NSE exchange. Investors can apply in SME IPO using the following investor categories:
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