Most Subscribed SME IPOs in India (All Time)

Most Subscribed SME IPO in India | Top 10 Successful SME 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 SME IPOs of India (Based on Subscription)

#	Issue Name	Issue Category	Issue Size (Rs Cr)	Oversubscribed (x)	QIB (x)	NII (x)	Retail (x)	Listing Date	Offer Price (Rs)	Listing Day - Close Price (Rs)	Listing Day Gain / Loss (%)
1	HOAC Foods India Limited	SME	5.54	2013.64		1432.6	2556.46	May 24, 2024	48	139.65	190.94
2	Kay Cee Energy & Infra Limited	SME	15.93	1052.45	127.71	1668.97	1311.1	Jan 05, 2024	54	239.4	343.33
3	Medicamen Organics Limited	SME	10.54	993.56	173.03	1343.83	1309.77	Jun 28, 2024	34	144.7	325.59
4	Maxposure Limited	SME	20.26	987.47	162.35	1947.55	1034.23	Jan 23, 2024	33	137.75	317.42
5	Magenta Lifecare Limited	SME	7	983.19		1145.78	778.41	Jun 12, 2024	35	47.25	35
6	GP Eco Solutions India Limited	SME	30.79	856.21	236.64	1824.87	793.2	Jun 24, 2024	94	393.75	318.88
7	Greenhitech Ventures Limited	SME	6.3	769.95		921.6	597.41	Apr 22, 2024	50	99.75	99.5
8	Trident Techlabs Limited	SME	16.03	763.3	117.91	854.37	1059.43	Dec 29, 2023	35	103.05	194.43
9	Amkay Products Limited	SME	12.61	748.03	173.04	987.34	973.14	May 08, 2024	55	109.72	99.49
10	Koura Fine Diamond Jewelry Limited	SME	5.5	733.01		373.66	1083.98	Mar 14, 2024	55	78.63	42.96

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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.