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IPOs of good companies with solid financials and a strong market presence are usually well-received by investors and therefore oversubscribed in the market. Find below the 10 most popular IPOs of 2024 with the highest subscriptions and check their listing gains.
When an IPO receives more applications or bids than the number of shares offered to the public, it is called oversubscription. An IPO receiving huge subscriptions will decrease its chances of allocation or vice versa.
An IPO that is largely oversubscribed usually gets listed at a healthy premium due to the high demand in the market.
Here is a complete list of the 10 most subscribed IPOs of 2024 on the BSE and NSE. The IPOs of these companies were oversubscribed to a large extent. Check out the 10 best IPOs by total number of subscriptions. Also, check the category-wise subscription by QIBs, NIIs, and retail investors (RIIs) and IPO listing price.
IPO | Issue Size | Total | QIB | NII | RII | Close Date | BID Date | IPO Price | Listing Gain | LTP |
---|---|---|---|---|---|---|---|---|---|---|
Popular Vehicles & Services IPO | ₹601.55 Cr | 1.25x | 1.92x | 0.67x | 1.07x | 14th Mar 2024 | 14th Mar 2024 18:23 | 295.00 | 289.20(-1.97%) | 233.85(-20.73%) |
Exicom Tele-Systems IPO | ₹429.00 Cr | 133.56x | 124.82x | 159.29x | 124.27x | 29th Feb 2024 | 29th Feb 2024 18:23 | 142.00 | 265(86.62%) | 291.65(105.39%) |
Platinum Industries IPO | ₹235.32 Cr | 98.99x | 151.00x | 141.79x | 50.92x | 29th Feb 2024 | 29th Feb 2024 18:22 | 171.00 | 225(31.58%) | 221.9(29.77%) |
Rashi Peripherals IPO | ₹600.00 Cr | 62.95x | 151.45x | 66.15x | 11.01x | 9th Feb 2024 | 9th Feb 2024 18:01 | 311.00 | 339.50(9.16%) | 343.35(10.40%) |
GPT Healthcare IPO | ₹525.14 Cr | 8.52x | 17.30x | 11.02x | 2.44x | 26th Feb 2024 | 26th Feb 2024 18:22 | 186.00 | 215.00(15.59%) | 172.25(-7.39%) |
Gopal Snacks IPO | ₹650.00 Cr | 9.50x | 18.42x | 10.00x | 4.22x | 11th Mar 2024 | 11th Mar 2024 18:23 | 401.00 | 351.00(-12.47%) | 317.65(-20.79%) |
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Mukka Proteins IPO | ₹224.00 Cr | 136.99x | 189.28x | 250.39x | 58.52x | 4th Mar 2024 | 4th Mar 2024 19:04 | 28.00 | 40(42.86%) | 36.2(29.29%) |
VI IPO | ₹18000.00 Cr | 6.99x | 19.31x | 4.54x | 1.01x | 22nd Apr 2024 | 22nd Apr 2024 19:04 | 11.00 | 12.00(9.09%) | 13.2(20.00%) |
Vibhor Steel Tubes IPO | ₹72.17 Cr | 320.05x | 191.41x | 772.49x | 201.52x | 15th Feb 2024 | 15th Feb 2024 19:04 | 151.00 | 425(181.46%) | 290.85(92.62%) |
Entero Healthcare Solutions IPO | ₹1600.00 Cr | 1.43x | 2.29x | 0.22x | 0.92x | 13th Feb 2024 | 13th Feb 2024 18:22 | 1258.00 | 1228.70(-2.33%) | 1096(-12.88%) |