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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 2023 by their subscription. These are the most popular IPO of 2023 and the highest IPO in India.
| Company Name | Issue Size (Rs Cr) | QIB (x) | NII (x) | Retail (x) | Employee (x) | Others (x) | Total (x) |
|---|---|---|---|---|---|---|---|
| Anlon Technology Solutions Limited | 15 | 54.53 | 883.58 | 447.06 | 428.62 | ||
| Earthstahl & Alloys Limited | 12.96 | 39.83 | 445.09 | 191.77 | 235.18 | ||
| Aristo Bio-Tech and Lifescience Limited | 13.05 | 285.84 | 149.59 | 217.72 | |||
| Chaman Metallics Limited | 24.21 | 255.92 | 159.85 | 207.88 | |||
| Transvoy Logistics India Limited | 5.11 | 200 | 168.67 | 184.34 | |||
| Ducol Organics And Colours Limited | 31.51 | 58.15 | 31.11 | 44.63 | |||
| Gayatri Rubbers and Chemicals Limited | 4.58 | 33.65 | 42.23 | 37.94 | |||
| DHARNI Capital Services Limited | 10.74 | 6.32 | 6.83 | 6.57 | |||
| Rex Sealing and Packing Industries Limited | 8.09 | 2 | 3.3 | 2.65 | |||
| Eastern Logica Infoway Limited | 16.94 | 1.92 | 1.56 | 1.74 |
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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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