market research agencies in mumbai
19 Jun 2024

1Alpha - IPO Subscription Analysis

1alpha-ipo-subscription-analysis

Welcome to the latest edition of our newsletter, 1Alpha, where we delve into the dynamic world of Initial Public Offerings (IPOs). The number of investors signing up for an IPO tells us a lot about where a company might be heading at the time of listing on the stock market. IPO subscription enables individuals and institutions to secure stakes at the time of listing, fostering potential returns and market involvement. Over the past 1 year (Jun’23 - May'24), 82 mainline IPOs were listed on the stock market.

  • Companies with revenue and issue sizes up to INR 250Cr witnessed an average subscription of 108x.
  • Companies with revenue ranging between INR 500Cr and INR 1,000Cr experienced an average subscription of 55x, with issue size exceeding INR 1,000Cr.

  • 7 companies had more than 75x subscriptions across all three categories - QIBs, NIIs, and RIIs. These included companies like IdeaForge Technology, Exicom Tele-Systems, and Motisons Jewellers.
  • ~65% of the companies under the NII category saw their subscription status to be more than 25x.

  • The majority of the companies (~47%) had their RIIs subscription status ranging from 5 to 30 times, corresponding to an increase in revenue.
  • Within the revenue segment of <= INR 200Cr, >50% of companies exhibited subscription status exceeding 30x, with Plaza Wires leading the way at over 300x.



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