Most Subscribed Mainline IPOs in India (All Time)

Most Subscribed Mainline IPO in India | Top 10 Successful Mainline IPO

An issue with a strong track record and bright future prospects generally gets heavily oversubscribed. In an oversubscription, the applied number of shares is far greater than the shares on offer leading to lesser or no allotment.

In case of a small oversubscription, the allotment is done based on pro-rata basis. However, in case of large oversubscription, the allotment is done on lottery basis.

Listed below is the Top 10 Oversubscribed IPOs of India with breakup of subscription across investor categories and their listing gains.

Top 10 Successful Mainline IPOs of India (Based on Subscription)

#	Issue Name	Issue Category	Issue Size (Rs Cr)	Oversubscribed (x)	QIB (x)	NII (x)	Retail (x)	Employee (x)	Listing Date	Offer Price (Rs)	Listing Day - Close Price (Rs)	Listing Day Gain / Loss (%)
1	Latent View Analytics Limited	Mainline	600	326.49	145.48	850.66	119.44	3.87	Nov 23, 2021	197	488.6	148.02
2	Vibhor Steel Tubes Limited	Mainline	72.17	320.05	191.41	772.49	201.52	215.79	Feb 20, 2024	151	442	192.72
3	Paras Defence And Space Technologies Limited	Mainline	170.78	304.26	169.65	927.7	112.81		Oct 01, 2021	175	498.75	185
4	Salasar Techno Engineering Ltd	Mainline	35.87	273.05	9999	478.39	58.92		Jul 25, 2017	108	259.15	139.95
5	Apollo Micro Systems Limited	Mainline	156	248.51	101.93	958.07	40.19	16.04	Jan 22, 2018	275	454.1	65.13
6	Astron Paper & Board Mill Ltd	Mainline	70	241.75	103.35	396.99	73.32	2.69	Dec 29, 2017	50	119.7	139.4
7	Manba Finance Limited	Mainline	150.84	224.05	148.55	511.62	143.95		Sep 30, 2024	120	157.45	31.21
8	Tega Industries Limited	Mainline	619.23	219.04	215.45	666.19	29.44		Dec 13, 2021	453	725.5	60.15
9	KRN Heat Exchanger and Refrigeration Limited	Mainline	341.95	213.41	253.04	430.54	96.74		Oct 03, 2024	220	478.45	117.48
10	Gala Precision Engineering Limited	Mainline	167.93	201.41	232.54	414.62	91.95	258.95	Sep 09, 2024	529	787.05	48.78

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The above list represents data from 2007 till date.
The offer price above is the highest price from the IPO price band.
(x) meaning 'number of times'
The listing price reflected above is of the exchange where the listing price is higher.
Investor Categories:
- QIB - QIB includes SEBI registered Foreign Institutional Investors (FIIs), Banks, Mutual Funds and financial institutions.
- NII - NII includes Individual investors, NRIs, companies, trusts etc who bid for more than Rs 2 lakhs.
- Retails - Retails include the individual investor who apply up to Rs 2,00,000 in an IPO.
- Employee - Certain companies have a reserved quota for their employees in an IPO.
- Others - Any other eligible shareholder other than above who have a reserved quote in an IPO.