IPO Tracker: Utkarsh SFB, ideaForge top charts as most subscribed issues of 2023

The IPO rush on D-Street is hard to miss amid public offers hitting primary markets every other day. At a fresh issue size of 42%, the highest since 2016, 29 companies have raised up to Rs 23,010 crore from their IPOs so far this year. In September, nine companies have already launched their issues, while two more IPOs will make their way to D-Street in the remaining part of this month. Investor interest continues to remain high in the primary market as six IPOs saw over 80x subscriptions in 2023. Take a look (Source: ETNOW, Ace Equity)

No. of times the issue was subscribed: 110.8X | Gains from issue price: 106%

No. of times the issue was subscribed: 106.1X | Gains from issue price: 48%

No. of times the issue was subscribed: 97.1X | Gains from issue price: 42%

No. of times the issue was subscribed: 94X | Gains from issue price: 16%

No. of times the issue was subscribed: 90.6x | Gains from issue price: 62%

No. of times the issue was subscribed: 87.8x | Gains from issue price: 76%