Most subscribed IPOs

Which IPOs drew the most bids, as times subscribed when bidding closed?

207 IPOs since 2025 have a final subscription figure. The median times subscribed is 13.4×, and the middle half run from 1.5× to 54.3×. Highway Infrastructure is first, at 194.2× (institutions (QIB) 328.9×; non-institutional 243.3×; retail or individual 92.8×).

Ranked on 4 Oct 2026; the first 50 of 207 are shown. The list moves as bidding closes on new issues.

#	Issue	Board	Stage	Times subscribed	Institutions (QIB)	Non-institutional	Retail or individual
1	Highway Infrastructure	Mainboard	Listed	194.2×	328.9×	243.3×	92.8×
2	Hy-Tech Engineers	Mainboard	Listed	173.3×	199.6×	368.4×	102.2×
3	Advit Jewels	Mainboard	Listed	143×	130.5×	306.6×	52.1×
4	MV Electrosystems	Mainboard	Listed	137.7×	67.2×	232.5×	154.4×
5	Tempsens Instruments (India)	Mainboard	Listed	130.9×	230.2×	170.3×	33.4×
6	Jindal Supreme (India)	Mainboard	Listed	125.1×	101.9×	251.3×	83.7×
7	Adroit Industries (India)	Mainboard	Listed	121.5×	150.3×	232×	57.8×
8	Regaal Resources	Mainboard	Listed	111.4×	157.5×	176.4×	35.3×
9	Ardee Industries	Mainboard	Listed	109.6×	162.2×	166.8×	35.7×
10	Lumino Industries	Mainboard	Listed	104.7×	211.3×	111.7×	26×
11	Stallion India Fluorochemicals	Mainboard	Listed	103.1×	120.7×	160.5×	35.3×
12	Denta Water and Infra Solutions	Mainboard	Listed	103.1×	132.9×	170.1×	38.6×
13	Bharat Coking Coal	Mainboard	Listed	98.8×	170.5×	170×	38.3×
14	Indo Farm Equipment	Mainboard	Listed	98.4×	134.4×	146.9×	41.2×
15	Quadrant Future Tek	Mainboard	Listed	97.6×	78.3×	116.5×	112.9×
16	Caliber Mining and Logistics	Mainboard	Listed	97.2×	150.2×	144.6×	29.7×
17	ESDS Software Solution	Mainboard	Listed	96.1×	167.6×	124.9×	27×
18	GNG Electronics	Mainboard	Listed	93.8×	165.7×	111.3×	30.7×
19	CMR Green Technologies	Mainboard	Listed	93.5×	189.6×	100×	17.2×
20	Standard Glass Lining Technology	Mainboard	Listed	90.4×	176.9×	96.3×	28.7×
21	Srit India	Mainboard	Closed	88.8×	60.9×	230.1×	44.3×
22	Pranav Constructions	Mainboard	Listed	87.1×	194.7×	107.1×	27.4×
23	Kusumgar	Mainboard	Listed	84.7×	191.7×	82.1×	14×
24	Sunshine Pictures	Mainboard	Listed	82.2×	103.4×	140×	42.8×
25	Behari Lal Engineering	Mainboard	Listed	81.6×	128×	130.4×	33.4×
26	Borana Weaves	Mainboard	Listed	81.4×	54.7×	112.7×	103.4×
27	Augmont Enterprises	Mainboard	Listed	79.8×	168.3×	86.3×	21.4×
28	Rays of Belief Limited- For Profit Social Enterprise (FPSE)	Mainboard	Listed	77.2×	8.2×	160.2×	110.3×
29	Corona Remedies	Mainboard	Listed	73.1×	114.5×	109.9×	18.8×
30	Moneyview	Mainboard	Listed	73×	163.4×	93.4×	14.1×
31	SS Retail	Mainboard	Listed	71.3×	138.6×	82.2×	24.8×
32	Priority Jewels	Mainboard	Listed	70.2×	30.2×	140.9×	69.6×
33	Prostarm Info Systems	Mainboard	Listed	69.9×	88.8×	105.9×	23×
34	Kanohar Electricals	Mainboard	Listed	69.5×	158.8×	62.1×	14.7×
35	Knack Packaging	Mainboard	Listed	69.1×	123.5×	86.9×	14.3×
36	Shiprocket	Mainboard	Listed	68.7×	82.1×	48.6×	33.3×
37	Midwest	Mainboard	Listed	68.1×	120.6×	82.2×	16.4×
38	VMS TMT	Mainboard	Listed	63.5×	77.2×	117.3×	28.2×
39	Urban Company	Mainboard	Listed	62.2×	81.2×	36.8×	25.8×
40	Orient Cables (India)	Mainboard	Closed	61.9×	115.7×	91.2×	18.5×
41	Laxmi Dental	Mainboard	Listed	60×	67.4×	40.7×	23×
42	Shanti Gold International	Mainboard	Listed	58.7×	98×	68.7×	15.6×
43	Symbiotec Pharmalab	Mainboard	Listed	58.3×	142.3×	42.3×	8.3×
44	Rubicon Research	Mainboard	Listed	57.8×	73.9×	39.4×	23.9×
45	Aditya Infotech	Mainboard	Listed	57.5×	77.8×	32.7×	29.1×
46	Patel Retail	Mainboard	Listed	57.3×	157.9×	69.9×	25.6×
47	GK Energy	Mainboard	Listed	56.9×	117.6×	58.3×	13.2×
48	Glass Wall Systems (India)	Mainboard	Listed	56.6×	110.1×	69.3×	23.1×
49	Amanta Healthcare	Mainboard	Listed	56.5×	28.9×	113.2×	34.9×
50	TruAlt Bioenergy	Mainboard	Listed	55.6×	128.4×	49.1×	7.8×

How this list is ranked

Times subscribed overall and by category at the close of bidding, from the exchanges' bid books, for every issue since 2025 with a final figure. Subscription counts the bids an issue drew; it says nothing about the price, or how the shares traded after listing. 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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IPOs most subscribed by institutions (QIBs)

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