IPOs most subscribed by institutions (QIBs)
Which IPOs drew the most bids from qualified institutional buyers, the funds, banks and insurers?
198 IPOs since 2025 have a final subscription figure. The median institutions (QIB), times is 19.9×, and the middle half run from 1.9× to 89.9×. Highway Infrastructure is first, at 328.9× (times subscribed overall 194.2×; retail or individual 92.8×).
Ranked on 4 Oct 2026; the first 50 of 198 are shown. The list moves as bidding closes on new issues.
| # | Issue | Board | Stage | Institutions (QIB), times | Times subscribed overall | Retail or individual |
|---|---|---|---|---|---|---|
| 1 | Highway Infrastructure | Mainboard | Listed | 328.9× | 194.2× | 92.8× |
| 2 | Tempsens Instruments (India) | Mainboard | Listed | 230.2× | 130.9× | 33.4× |
| 3 | Lumino Industries | Mainboard | Listed | 211.3× | 104.7× | 26× |
| 4 | Hy-Tech Engineers | Mainboard | Listed | 199.6× | 173.3× | 102.2× |
| 5 | Pranav Constructions | Mainboard | Listed | 194.7× | 87.1× | 27.4× |
| 6 | Kusumgar | Mainboard | Listed | 191.7× | 84.7× | 14× |
| 7 | CMR Green Technologies | Mainboard | Listed | 189.6× | 93.5× | 17.2× |
| 8 | Standard Glass Lining Technology | Mainboard | Listed | 176.9× | 90.4× | 28.7× |
| 9 | Bharat Coking Coal | Mainboard | Listed | 170.5× | 98.8× | 38.3× |
| 10 | Augmont Enterprises | Mainboard | Listed | 168.3× | 79.8× | 21.4× |
| 11 | ESDS Software Solution | Mainboard | Listed | 167.6× | 96.1× | 27× |
| 12 | GNG Electronics | Mainboard | Listed | 165.7× | 93.8× | 30.7× |
| 13 | Moneyview | Mainboard | Listed | 163.4× | 73× | 14.1× |
| 14 | Ardee Industries | Mainboard | Listed | 162.2× | 109.6× | 35.7× |
| 15 | Kanohar Electricals | Mainboard | Listed | 158.8× | 69.5× | 14.7× |
| 16 | Patel Retail | Mainboard | Listed | 157.9× | 57.3× | 25.6× |
| 17 | Regaal Resources | Mainboard | Listed | 157.5× | 111.4× | 35.3× |
| 18 | Adroit Industries (India) | Mainboard | Listed | 150.3× | 121.5× | 57.8× |
| 19 | Caliber Mining and Logistics | Mainboard | Listed | 150.2× | 97.2× | 29.7× |
| 20 | INDO-MIM | Mainboard | Listed | 143.9× | 51.9× | 4.4× |
| 21 | Symbiotec Pharmalab | Mainboard | Listed | 142.3× | 58.3× | 8.3× |
| 22 | SS Retail | Mainboard | Listed | 138.6× | 71.3× | 24.8× |
| 23 | Dhoot Transmission | Mainboard | Listed | 137.8× | 50× | 6× |
| 24 | Indo Farm Equipment | Mainboard | Listed | 134.4× | 98.4× | 41.2× |
| 25 | Rentomojo | Mainboard | Listed | 133.6× | 55.2× | 9.7× |
| 26 | Denta Water and Infra Solutions | Mainboard | Listed | 132.9× | 103.1× | 38.6× |
| 27 | Advit Jewels | Mainboard | Listed | 130.5× | 143× | 52.1× |
| 28 | TruAlt Bioenergy | Mainboard | Listed | 128.4× | 55.6× | 7.8× |
| 29 | Behari Lal Engineering | Mainboard | Listed | 128× | 81.6× | 33.4× |
| 30 | Seshaasai Technologies | Mainboard | Listed | 126.3× | 45.1× | 5.9× |
| 31 | Knack Packaging | Mainboard | Listed | 123.5× | 69.1× | 14.3× |
| 32 | Stallion India Fluorochemicals | Mainboard | Listed | 120.7× | 103.1× | 35.3× |
| 33 | Midwest | Mainboard | Listed | 120.6× | 68.1× | 16.4× |
| 34 | GK Energy | Mainboard | Listed | 117.6× | 56.9× | 13.2× |
| 35 | Orient Cables (India) | Mainboard | Closed | 115.7× | 61.9× | 18.5× |
| 36 | SBI Funds Management | Mainboard | Listed | 115× | 34.2× | 2.3× |
| 37 | Corona Remedies | Mainboard | Listed | 114.5× | 73.1× | 18.8× |
| 38 | Milky Mist Dairy Food | Mainboard | Listed | 110.9× | 41.2× | 6.4× |
| 39 | Glass Wall Systems (India) | Mainboard | Listed | 110.1× | 56.6× | 23.1× |
| 40 | Molbio Diagnostics | Mainboard | Listed | 108.6× | 43.1× | 9.1× |
| 41 | Sunshine Pictures | Mainboard | Listed | 103.4× | 82.2× | 42.8× |
| 42 | Studds Accessories | Mainboard | Listed | 102.8× | 43.1× | 14.5× |
| 43 | Jindal Supreme (India) | Mainboard | Listed | 101.9× | 125.1× | 83.7× |
| 44 | Lalithaa Jewellery Mart | Mainboard | Listed | 101.1× | 46.8× | 9.4× |
| 45 | Atlanta Electricals | Mainboard | Listed | 100.7× | 36.8× | 5.3× |
| 46 | Sri Lotus Developers and Realty | Mainboard | Listed | 100.5× | 39.6× | 9.1× |
| 47 | Shanti Gold International | Mainboard | Listed | 98× | 58.7× | 15.6× |
| 48 | LG Electronics India | Mainboard | Listed | 93.6× | 31.1× | 2.4× |
| 49 | Karamtara Engineering | Mainboard | Listed | 90.8× | 37.5× | 9× |
| 50 | Skyways Air Services | Mainboard | Listed | 90.1× | 48.5× | 16.3× |
How this list is ranked
Times the qualified institutional buyers' portion (excluding the anchor portion) was subscribed at the close of bidding, from the exchanges' bid books, for every issue since 2025 with a final figure. It counts bids, not allotments, and says nothing about the price. A list ranks the issues by one figure from each offer document. It places them; it says nothing about whether any of the shares is worth owning.
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