Most Subscribed IPOs in 2024

Most Subscribed IPO in 2024 | Top 10 Successful IPOs of 2024

When the number of shares applied for is far greater than the number of shares offered in an issue, it leads to an oversubscription. An oversubscribed issue is generally presumed to be successful ones with possibility of premium listing due to the huge demand.

The IPO subscription status and allotment has an inverse relation. The higher the subscription lesser are the chances of allotment and vice versa.

Listed below are the Top 10 Oversubscribed IPOs of 2024 with breakup of subscription across investor categories and their listing gains.

<< Year 2023	2024	Year 2025 > >

Top 10 Successful IPOs of 2024 (Based on Subscription)

#	Issue Name	Issue Size (Rs Cr)	Oversubscribed (x)	QIB (x)	NII (x)	Retail (x)	Employee (x)	Others (x)	Listing Date	Offer Price (Rs)	Listing Day - Close Price (Rs)	Listing Day Gain / Loss (%)
1	Vibhor Steel Tubes Limited	72.17	320.05	191.41	772.49	201.52	215.79		Feb 20, 2024	151	442	192.72
2	Manba Finance Limited	150.84	224.05	148.55	511.62	143.95			Sep 30, 2024	120	157.45	31.21
3	KRN Heat Exchanger and Refrigeration Limited	341.95	213.41	253.04	430.54	96.74			Oct 03, 2024	220	478.45	117.48
4	Gala Precision Engineering Limited	167.93	201.41	232.54	414.62	91.95	258.95		Sep 09, 2024	529	787.05	48.78
5	Unicommerce eSolutions Limited	276.57	168.35	138.75	252.46	130.99			Aug 13, 2024	108	210.05	94.49
6	BLS E-Services Limited	310.91	162.38	123.3	300.05	236.53		15.3	Feb 06, 2024	135	370.75	174.63
7	Orient Technologies Limited	214.76	154.84	188.79	310.03	68.93			Aug 28, 2024	206	304.45	47.79
8	Mukka Proteins Limited	224	136.99	189.28	250.39	58.52			Mar 07, 2024	28	42.26	50.93
9	Exicom Tele-Systems Limited	429	133.56	124.82	159.29	124.27			Mar 05, 2024	142	225.65	58.91
10	Vraj Iron and Steel Limited	171	126.36	173.99	221.66	58.31			Jul 03, 2024	207	251.95	21.71

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<< Year 2023	2024	Year 2025 > >

The offer price above is the highest price from the IPO price band.
The listing price reflected above is of the exchange where the listing price is higher.
(x) meaning 'number of times'
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.