HOAC Foods To Rajputana Biodiesel, 10 Most Subscribed SME IPOs Of 2024 So Far

The year 2024 has been a stellar phase for primary markets in India with record fundraising by companies through initial public offerings. The small and medium enterprises in 2024 also saw huge demand for their public offers, with many IPOs witnessing overwhelming subscription. 

Among the SME issues so far in 2024, HOAC India Food Ltd. saw a huge demand for its public offer, with the subscription surpassing 2,000 times. The Rajputana Biodiesel IPO, which closed on Nov. 28, has emerged as the 10th most subscribed SME issue.

HOAC Foods India IPO was the most subscribed SME IPO of 2024. The issue was subscribed over 2,000 times. The HOAC Foods India IPO was an entirely fresh issue of 11.55 lakh shares worth Rs 5.54 crore. The IPO opened for bidding on May 16 and closed on May 21. The price band was fixed at Rs 48 per share. The stock was listed on NSE SME on May 24.

• Total subscription: 2,013.64 times.

• NIIs: 1,432.60 times.

• Retail investors: 2,556.46 times.

Shares of Kay Cee Energy & Infra Ltd. had made a grand debut, listing at Rs 252 per share, 366.67% higher than the issue price of Rs 54 at the upper end of the price band. Bidding for the issue started from Dec. 28, 2023, and ended on Jan. 2, 2024. The price band was set at Rs 51 to Rs 54 per share. 

Here are the subscription details of the Kay Cee Energy & Infra IPO:

• Total subscription: 1,052.45 times.

• QIB: 127.71 times.

• NII: 1,668.97 times.

• Retail investors: 1,311 times.

Medicamen Organics IPO opened for subscription on June 21 and closed on June 25. The issue listed on NSE SME on June 28. The IPO was an entirely fresh issue of 31 lakh shares worth Rs 10.54 crore. The price band was set between Rs 32 to Rs 34 per share. 

Check out the subscription details of Medicamen Organics IPO: 

• Total subscription: 993.56 times.

• QIB: 173.03 times.

• NII: 1,343.83 times.

• Retail investors: 1,309.77 times.

Maxposure IPO opened for subscription on Jan. 15 and closed on Jan. 17. The offer was an entirely fresh issue of 61.4 lakh shares worth Rs 20.26 crore. The price band of the IPO was fixed between Rs 31 to Rs 33 per share.

Here are the subscription details of Maxposure IPO:

• Total subscription: 987.47 times.

• QIB: 162.35 times.

• NII: 1,947.55 times.

• Retail investors: 1,034.23 times.

The fixed price issue of Magenta Lifecare IPO worth Rs 7 crore had 20 lakh shares on offer. The price band of the issue was set at Rs 35 per share. The initial share sale was open between June 5 and June 17, with the shares listing on BSE SME on June 12. 

Check out the subscription details of Magenta Lifecare IPO: 

• Total subscription: 983.19  times.

• NII: 1,145.78 times.

• Retail investors: 778.41 times.

GPES Solar IPO, worth Rs 30.79 crore was entirely a fresh issue of 32.76 lakh shares. GPES Solar IPO bidding started from June 14 and ended on June 19, with the shares being listed on NSE SME on June 24. GPES Solar IPO price band was fixed at Rs 90 to Rs 94 per share. 

Here are the subscription details: 

• Total subscription: 856.21 times.

• QIB: 236.64 times.

• NII: 1,824.87 times.

• Retail investors: 793.20 times.

The Greenhitech Ventures IPO was an entirely fresh issue of 12.6 lakh shares worth Rs 6.3 crore. The IPO, which opened for bidding on April 12 and ended on April 16, listed on BSE SME on April 22. Price band of the IPO was fixed at Rs 50 per share. 

Here are the subscription details:

• Total subscription: 769.95 times.

• NII: 921.60 times.

• Retail investors: 597.41 times.

Amkay Products IPO was open between April 30 and May 2 this year. The Rs 12.61 crore IPO of 22.92 lakh shares got listed on the BSE SME on May 8. The price band of the issue was set between Rs 52 to Rs 55 per share. 

Check out its subscription details:

• Total subscription: 748.03 times.

• QIB: 173.04 times.

• NII: 987.34 times.

• Retail investors: 973.14 times.

Koura Fine Diamond Jewelry IPO opened for subscription on March 6 and closed on March 11 this year. The IPO got listed on BSE SME on March 14. The issue was an entirely fresh offer of 10 lakh shares worth Rs 5.5 crore. The price band of the IPO was set at Rs 55 per share, making it a fixed price issue. 

Check out the subscription details of Koura Fine Diamond Jewelry IPO:

• Total subscription: 733.01 times.

• NII: 373.66 times.

• Retail investors: 1,083.98 times.

The entirely fresh issue of 19 lakh shares worth Rs 24.7 crore of Rajputana Biodiesel was the 10th most subscribed SME IPO of 2024 so far. The issue opened for subscription on Nov. 26 and closed on Nov. 28. Rajputana Biodiesel IPO price band was set at Rs 123 to R 130 per share. The shares will list on the NSE SME on Dec. 3. Here are the subscription details of Rajputana Biodiesel IPO: 

• Total subscription: 718.81 times.

• QIB: 177.38 times.

• NII: 1,345.96 times.

• Retail investors: 746.57 times.