Check out the highest IPO subscription in 2024 in India, focusing on the mainboard segment. The list of the most popular IPO in 2024 includes all public offers on major stock exchanges like NSE and BSE throughout the year.
Table of Contents
List of Highest IPO subscription in 2024
This report provides detailed insights into subscription status across various categories, including retail investors (RIIs), non-institutional investors (NIIs), and qualified institutional bidders (QIBs). Here is the table:
| Name of IPO | QIB (X) | NII (X) | Retail (X) | Total (X) | Listing Return (%) |
|---|---|---|---|---|---|
| Vibhor Steel | 178.73 | 721.32 | 188.09 | 298.81 | 195.53 |
| Manba Finance | 148.55 | 511.65 | 144.03 | 224.10 | 26.88 |
| KRN Heat Exchanger | 253.04 | 431.63 | 98.29 | 214.42 | 117.63 |
| Gala Precision | 232.54 | 414.62 | 91.95 | 201.41 | 43.13 |
| Unicommerce eSolutions | 138.75 | 252.46 | 130.99 | 168.35 | 94.52 |
| BLS E-Services | 123.30 | 300.14 | 237.00 | 162.47 | 171.11 |
| Orient Technologies | 189.90 | 300.60 | 66.87 | 151.71 | 46.80 |
| Mukka Proteins | 189.28 | 250.38 | 58.52 | 136.99 | 50.89 |
| Exicom Tele-Systems | 121.80 | 153.22 | 119.59 | 129.54 | 58.42 |
| Shree Tirupati Balajee Agro | 150.87 | 210.12 | 73.22 | 124.74 | 13.86 |
| One Mobikwik Systems | 119.50 | 108.95 | 134.67 | 119.38 | 89.25 |
| Vraj Iron | 163.90 | 208.81 | 54.92 | 119.04 | 21.74 |
| Kronox Lab | 89.03 | 301.91 | 54.23 | 117.25 | 17.15 |
| Diffusion Engineers | 95.74 | 207.56 | 85.32 | 114.34 | 20.93 |
| Northern Arc Capital | 240.79 | 142.41 | 31.08 | 110.91 | 22.97 |
| Nova Agri | 79.31 | 224.06 | 77.10 | 109.37 | 40.85 |
| Awfis Space | 116.95 | 129.26 | 53.14 | 108.15 | 10.12 |
| Saraswati Saree | 64.12 | 358.45 | 61.56 | 107.38 | 27.31 |
| Arkade Developers | 163.16 | 163.02 | 51.39 | 106.83 | 29.58 |
| Dee Development | 201.91 | 144.00 | 23.42 | 99.56 | 65.18 |
Also Read:
- Biggest IPOs by Applications in India
- Highest IPO Subscription in 2023
- Highest IPO Subscription in 2022
- Highest IPO Subscription in 2021
Mainboard IPOs with the highest subscriptions in 2024 share common traits such as strong fundamentals, experienced management, and strategic growth plans. These characteristics typically attract a larger pool of investors, resulting in significant oversubscription rates. Investors are often willing to pay premiums for promising offerings, especially when the potential for superior listing gains is evident. The performance of the most subscribed IPO in 2024 is frequently linked to their ability to deliver positive returns post-listing, further enhancing their appeal.
If you want to check more reports, here are the links:
- All-time Largest IPOs in India
- All Time Highest IPO Subscription
- Best IPOs by Sector in 2024
- Best IPOs by Sector in 2023
- Best IPOs by Sector in 2022
- Best IPOs by Sector in 2021
- Highest SME IPO Subscription in 2024
- Statewise SME IPOs in 2024
- Statewise SME IPOs in 2023
- Best SME IPOs by Sector
A notable downside of high subscription levels in mainboard IPOs is that the chances of successful allotment decrease, as the market regulator SEBI mandates a lottery-based allotment system when demand exceeds supply. This year has seen several mainboard IPOs achieving remarkable subscription figures, indicating a strong appetite among investors and setting a positive tone for future listings.
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