Which are the top 12 IPOs that received maximum traction; top two are from 2021 - list here

With the new participants’ entry into the share market, the primary market space has been receiving an extraordinary response as in the last four years. The initial public offer segment has witnessed a surge of up to 330 times in terms of book building or subscription, as per the Zee Business research report. 

Alone in 2021, the two companies that witnessed the highest ever traction in the primary market during the three-day period — Latent View Analytics and Paras Defence and Space Technologies. The former was subscribed 327 times, and the latter’s issue was booked 304 times. 

Latent View is in the industry of Artificial Intelligence and Machine Learning as well as Automation, while Paras Defence is into the business of defence technologies. The issue price of the former company’s IPO was Rs 600-crore, while the latter had an issue price of mere Rs 170-crore. 

Both the stocks had been listed with bumper listings, as Latent View saw listing gains of around 160 per cent, while Paras Defence saw listing gains of almost the same that is 168 per cent during their debut. 

Before these two IPOs, Salasar Techno Engineering, a company into customised steel fabrication and infrastructure solutions, was the highest ever subscribed IPO in 2017 with 273 times subscription, followed by Apollo Micro and Astron Paper each booked around 250 times in three-day offer. 

Other companies that saw maximum subscription during the three-day offers were: MTAR Tech subscribed 201 times in March 2021, Bectro Food subscribed 198 times in December 2020, Capacite Infra subscribed 183 times in September 2017, Tatava Chintan subscribed 180 times in July 2021. 

Similarly, Rakesh Jhunjhunwala-backed Nazara Technologies was subscribed 175 times in March 2021, CDSL was subscribed 170 times in June 2017 and lastly Ujjivan Small Finance Bank was subscribed by 166 times in December 2019 during the three-day period of the offer.