The SME IPO space has witnessed a phenomenal year in 2024, garnering massive interest from the public. Launched in 2012, the SME IPO segment saw 2024 emerge as a golden year with multiple initial public offerings getting oversubscribed. The latest entry in the list is NACDAC Infrastructure IPO which has shattered all previous records.
The NACDAC Infrastructure IPO, which opened for subscription on December 17, was subscribed over 2,209 times. The issue dethroned HOAC Foods IPO to become the most subscribed SME IPO of all time.
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NACDAC Infrastructure IPO, with an offer size of Rs 10.01 crore, witnessed massive interest from investors over its three-day subscription window. The interest largely came from non-institutional investors, who subscribed over 4,084.36 times the portion allocated for them. This was followed by retail investors and qualified institutional buyers.
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NACDAC Infrastructure IPO was subscribed 2,503.68 times in the retail category whereas the QIBs booked their allocation 236.39 times.
Overall, the company received bids for 4,11,01,24,000 shares against 18,60,000 shares on offer.
Interestingly, HOAC Foods IPO, which slipped down to second place in terms of subscription, was also listed in 2024, marking the start of what can be called an exceptional year for the SME IPO segment.
The interest in SME IPOs has largely been triggered by the listing gains they have historically offered.
If we consider the top 10 most subscribed SME IPOs of all time, all of them have been listed in 2024, data from Chittorgarh showed.
Hamps Bio IPO, Kay Cee Energy & Infra IPO and Toss The Coin IPO were the public offers that saw over 1,000 times subscription rates.
Top 10 Most Subscribed SME IPOs of All Time
Here is a list of the 10 most subscribed SME IPOs of all time, according to data from Chittorgarh.
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