Top 10 highest subscribed IPOs 2024

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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 2024 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 2024 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.

<< Year 2023	2024	Year 2025 > >

10 Most popular IPOs in 2024 by total subscription

IPO	Issue Size	Total	QIB	NII	RII	Close Date	BID Date	IPO Price	Listing Gain	LTP
Vibhor Steel Tubes IPO	₹72.17 Cr	320.05x	191.41x	772.49x	201.52x	15th Feb 2024	15th Feb 2024 19:04	151.00	425(181.46%)	294.2(94.83%)
Mukka Proteins IPO	₹224.00 Cr	136.99x	189.28x	250.39x	58.52x	4th Mar 2024	4th Mar 2024 19:04	28.00	40(42.86%)	36.3(29.64%)
Exicom Tele-Systems IPO	₹429.00 Cr	133.56x	124.82x	159.29x	124.27x	29th Feb 2024	29th Feb 2024 18:23	142.00	265(86.62%)	288.3(103.03%)
Nova Agri Tech IPO	₹143.81 Cr	113.21x	81.13x	233.03x	80.20x	25th Jan 2024	25th Jan 2024 19:04	41.00	55(34.15%)	53.7(30.98%)
Platinum Industries IPO	₹235.32 Cr	98.99x	151.00x	141.79x	50.92x	29th Feb 2024	29th Feb 2024 18:22	171.00	225(31.58%)	217.6(27.25%)
SRM Contractors IPO	₹130.20 Cr	86.57x	59.59x	214.94x	46.97x	28th Mar 2024	28th Mar 2024 19:04	210.00	215.25(2.50%)	198.85(-5.31%)
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BLS E-Services IPO	₹310.91 Cr	82.61x	57.04x	153.94x	136.96x	1st Feb 2024	1st Feb 2024 19:04	135.00	305.00(125.93%)	302.15(123.81%)
Rashi Peripherals IPO	₹600.00 Cr	62.95x	151.45x	66.15x	11.01x	9th Feb 2024	9th Feb 2024 18:01	311.00	339.50(9.16%)	339.15(9.05%)
Apeejay Surrendra Park IPO	₹920.00 Cr	62.91x	79.23x	55.26x	32.00x	7th Feb 2024	7th Feb 2024 19:04	155.00	186(20.00%)	201.2(29.81%)
Jyoti CNC Automation IPO	₹1000.00 Cr	40.49x	46.37x	38.33x	27.50x	11th Jan 2024	11th Jan 2024 19:04	331.00	370(11.78%)	814.45(146.06%)

<< Year 2023	2024	Year 2025 > >

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 2024

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