Most Oversubscribed IPOs in India (Educational)
Overview
This document provides an educational overview of some of the most oversubscribed IPOs in India, their subscription multiples, and what these figures indicate about investor interest. The goal is to explain oversubscription in context, not to suggest investment decisions.
What Is Oversubscription?
IPO oversubscription occurs when demand for shares exceeds the number of shares offered. A subscription multiple, such as 50× or 100×, indicates how many times demand exceeds supply.
Why Studying Oversubscription Matters
High oversubscription demonstrates strong market interest and investor confidence. However, it does not guarantee allotment or future performance post-listing.
Historical Oversubscribed IPOs (Educational Examples)
The following are well-known examples of highly oversubscribed IPOs in India. Subscription levels may vary by category and year.
Example 1: SBI Cards IPO
The SBI Cards IPO is among the most oversubscribed in India’s history, with strong demand from retail and institutional investors alike.
Example 2: Coal India IPO
The Coal India IPO recorded significant oversubscription on its opening day, reflecting broad market participation.
Example 3: One97 Communications (Paytm) IPO
The One97 Communications (Paytm) IPO saw strong institutional and retail demand during its issue.
Example 4: Zomato IPO
The Zomato IPO experienced robust oversubscription across categories on its launch.
Example 5: LIC IPO
The Life Insurance Corporation (LIC) IPO generated widespread investor interest and recorded high oversubscription multiples.
Interpreting Subscription Multiples
Subscription multiples indicate relative demand, not the number of unique applications. For example, a 100× subscription means the total quantity of shares bid is 100 times the available shares in that category.
Limitations of Oversubscription Figures
- Subscription data does not reveal unique applicant count
- Oversubscription may be driven by large bids in NII or QIB categories
- Live numbers can change until issue closing
What Oversubscription Does NOT Guarantee
- IPO allotment for every applicant
- Listing gains or price performance
- Long-term investment returns
Important Notice
The oversubscription examples provided here are for educational purposes only. Past subscription figures do not guarantee future performance or outcomes.