The year 2023 has been nothing short of spectacular for the Indian Initial Public Offering (IPO) market. With over 57 companies collectively raising around Rs 49,000 crore through mainboard IPOs, the IPO street has been bustling with activity. As we bid farewell to this eventful year, lets shine a spotlight on the most subscribed IPOs that captivated investors and contributed to the thriving IPO landscape.Most subscribed IPOs of 2023: A recap1. Plaza Wires2. Aeroflex Industries3. Ratnaveer Precision4. Netweb Technologies5. Vishnu Prakash R PungliaThese companies, including Plaza Wires, Aeroflex Industries, Ratnaveer Precision, Netweb Technologies, and Vishnu Prakash R Punglia, garnered significant attention from investors, reflecting the robust demand for new offerings in the market.Top performers: The most lucrative IPOsThe success of an IPO is not just measured by subscription numbers but also by the funds raised and the subsequent market performance. In 2023, Tata Technologies, DOMS Industries, JSW Infrastructure, IREDA, and Cello World emerged as the most lucrative IPOs, collectively amassing bids worth nearly Rs 4 lakh crore.1. Tata TechnologiesAmount Raised: Rs 3,042.51 croreSubscription: 69.43 timesCurrent Trading Price: Rs 1,209.2 (141% higher than the upper end of the price band)Tata Technologies led the pack, raising an impressive amount of Rs 3,042.51 crore. The subscription frenzy reached 69.43 times, reflecting the overwhelming investor confidence. The stock is now trading significantly higher than its IPO price, showcasing the companys strong market debut.2. DOMS IndustriesAmount Raised: Rs 1,200 croreSubscription: 93.52 timesCurrent Trading Price: Rs 1,351.7 (over 70% higher than the issue price)DOMS Industries surprised everyone by not just meeting but exceeding expectations. With an amount raised of Rs 1,200 crore and a subscription of 93.52 times, the companys stock is now trading over 70% higher than its issue price, highlighting its successful market entry.3. JSW InfrastructureAmount Raised: Rs 2,800 croreSubscription: 37.37 timesCurrent Trading Price: Rs 214.35 (over 80% higher than the upper price end)JSW Infrastructure made a notable impact by raising Rs 2,800 crore. The strong subscription of 37.37 times indicates solid investor interest. The stock is now trading at a significant premium from its IPO price, showcasing the companys robust market standing.4. IREDAAmount Raised: Rs 2,150.21 croreSubscription: 38.8 timesCurrent Trading Price: Rs 109.84 (243% higher than the upper end of the price band)IREDA made waves in the IPO market, amassing Rs 2,150.21 crore with a subscription of 38.8 times. The stock is now trading at an impressive 243% higher than the upper end of the price band, underscoring its strong market performance.5. Cello WorldAmount Raised: Rs 1,900 croreSubscription: 38.9 timesCurrent Trading Price: Rs 775.35 (19% higher than the issue price)Cello World raised Rs 1,900 crore with a subscription of 38.9 times. The stock, trading 19% higher than its issue price, reflects sustained growth and investor confidence in the companys prospects.A year of triumphs for Indian IPOAs we reflect on the incredible journey of Indian IPOs in 2023, its evident that the market has seen remarkable triumphs. The robust subscription figures, coupled with impressive funds raised and subsequent market performances, showcase the strength and resilience of companies entering the public domain. As we look ahead, the Indian IPO landscape is poised for continued growth and innovation in the years to come.
