Not enough! Brace Port Logistics' 600x subscription fails to break into top 10 SME IPOs of the year. Here's the list
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IPO Rankings
The SME IPO of Brace Port Logistics attracted massive investor response with a staggering 600x subscription rate, reflecting strong enthusiasm across various categories. Despite this extraordinary response, the IPO did not make it into the top 10 for the highest subscription figures among SME IPOs this year. Here's a look at the top 10 IPOs that led the subscription charts in 2024.
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Aesthetik Engineers IPO
The SME IPO of Aesthetik Engineers was subscribed 705 times, driven by strong interest from non-institutional investors, whose category was booked over 1900 times.
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Nephro Care IPO
Nephro Care's SME IPO garnered a subscription of 715 times. NII investors led the bidding with 1700 times subscription, followed by retail investors at 634 times.
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4/12
Medicamen Organics IPO
The SME IPO Medicamen Organics was subscribed over 900 times at close, making it one of the highest subscribed IPOs this year. The demand was led by both NII and retail investors.
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GP Eco Solutions IPO
Strong NII subscription of over 1800 times meant that GP Eco Solutions' IPO was booked over 800 times at close. The retail response for the IPO was also robust at 700 times subscription.
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Magenta Lifecare IPO
Magenta Lifecare is another SME IPO this year, which surpassed the 983 times subscription mark this year. Here too, the demand was led by NII and retail investors.
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HOAC Foods IPO
The SME IPO of HOAC Foods was the highest subscribed issue this year at over 2000 times. The retail portion of the issue was subscribed by a massive 2500 times.
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Rulka Electricals IPO
Rulka Electricals SME IPO garnered a subscription of 670 times. NII investors led the bidding with 1350 times subscription, followed by retail investors at 650 times.
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Winsol Engineers IPO
The SME IPO Winsol Engineers was subscribed over 680 times at close, making it one of the highest subscribed IPOs this year. The demand was led by both NII and retail investors.
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Slone Infosystems IPO
Slone Infosystems IPO was booked 660 times at close, led by strong non-institutional investors' interest, whose category was subscribed over 700 times.
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Amkay Products
Amkay Products received a subscription of over 700 times. The retail and NII portions of the issue were subscribed over 900 times, respectively.
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Greenhitech Ventures
The SME IPO of Greenhitech Ventures was subscribed 760 times at close. The demand was led by NII investors, whose category was booked over 900 times.