The top five most-subscribed IPOs in 2023

What an incredible year for the IPO market! Over 57 Indian companies raised approximately Rs 49,000 crore through mainboard IPOs in 2023. As we say goodbye to 2023, let’s take a look at the year’s most subscribed IPOs. Plaza Wires, Aeroflex Industries, Ratnaveer Precision, Netweb Technologies, and Vishnu Prakash R Punglia are among the companies on the list. It should be noted that subscription figures are based on the registrar’s allotment (post-rejection).

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Plaza Wires’ initial public offering (IPO) was subscribed to 113.74 times between September 29 and October 5. The IPO was priced at Rs 51-54 per share and is now trading at Rs 97.5, demonstrating that Plaza knows how to connect with investors through wires.

Aeroflex Industries’ IPO took off in style, landing in second place with 69.01 subscriptions between August 22 and 24. While the IPO was priced at Rs 102-108, the stock is now trading at Rs 145.55, a 34.7 percent increase.

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Ratnaveer’s initial public offering (IPO) was subscribed to 65.42 times. The IPO’s price band was fixed at Rs 93-98 when it opened on September 4 and closed on September 6. It is currently up 16% from its high of Rs 114.8.

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Netweb Technologies rode the digital wave 63.17 times. Priced at Rs 475-500 per share, it is now riding the tech tide at Rs 1,182, a 136 percent increase. The IPO took place between July 17 and July 19.

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Vishnu Prakash R Punglia’s IPO is ranked fifth, with 61.4 subscriptions received between August 24 and 28. It was originally priced at Rs 94-99 per share, but is now worth 109 percent more at Rs 207.