Top 10 highest subscribed IPOs 2023

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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 2023 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 2023 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.

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10 Most popular IPOs in 2023 by total subscription

IPO	Issue Size	Total	QIB	NII	RII	Close Date	BID Date	IPO Price	Listing Gain	LTP
Motisons Jewellers IPO	₹151.09 Cr	173.23x	135.01x	311.99x	135.60x	20th Dec 2023	20th Dec 2023 19:04	55.00	109.00(98.18%)	161.4(193.45%)
Plaza Wires IPO	₹71.28 Cr	160.97x	42.84x	388.09x	374.81x	5th Oct 2023	5th Oct 2023 19:04	54.00	76(40.74%)	92.2(70.74%)
Utkarsh Small Finance Bank IPO	₹500.00 Cr	110.77x	135.71x	88.74x	78.38x	14th Jul 2023	14th Jul 2023 19:04	25.00	40.00(60.00%)	55.85(123.40%)
ideaForge Technology IPO	₹567.29 Cr	106.06x	125.81x	80.58x	85.20x	30th Jun 2023	30th Jun 2023 19:04	672.00	1300.00(93.45%)	699.95(4.16%)
DOMS IPO	₹1200.00 Cr	99.34x	122.16x	70.06x	73.38x	15th Dec 2023	15th Dec 2023 19:04	790.00	1400(77.22%)	1817.6(130.08%)
Aeroflex Industries IPO	₹351.00 Cr	97.11x	194.73x	126.13x	34.41x	24th Aug 2023	24th Aug 2023 19:04	108.00	190.00(75.93%)	153.65(42.27%)
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Ratnaveer Precision Engineering IPO	₹165.03 Cr	93.99x	133.05x	135.21x	54.00x	6th Sep 2023	6th Sep 2023 19:04	98.00	123.20(25.71%)	138.05(40.87%)
Netweb Technologies India IPO	₹631.00 Cr	90.55x	220.69x	83.21x	19.48x	19th Jul 2023	19th Jul 2023 19:04	500.00	947.00(89.40%)	1852.65(270.53%)
Vishnu Prakash R Punglia IPO	₹308.88 Cr	87.82x	171.69x	111.03x	32.01x	28th Aug 2023	28th Aug 2023 19:04	99.00	165(66.67%)	159.9(61.52%)
Azad Engineering IPO	₹740.00 Cr	83.04x	179.64x	90.24x	24.51x	22nd Dec 2023	22nd Dec 2023 19:04	524.00	720(37.40%)	1316.65(151.27%)

<< Year 2022	2023	Year 2024 > >

Qualified Institutional Buyers (QIBs): SEBI registered banks, financial institutions, FIIs, mutual fund houses, etc. are called Qualified Institutional Investors (QIIs).
Non Institutional Investors (NIIs): NRI, HNIs, companies, trusts, individual investors, etc. who invest greater than Rs 2 lakh are known as Non-institutional investors (NIIs).
Retail Individual Investors (RIIs): An individual investor who invest upto Rs 2 lakh are known as retail individual investors (RIIs).

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Top 10 highest subscribed IPOs 2023

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