An issue with a strong track record and bright future prospects generally gets heavily oversubscribed. In an oversubscription, the applied number of shares is far greater than the shares on offer leading to lesser chances or no allotment.
In case of a small oversubscription, the allotment is done based on a pro-rata basis. However, in case of large oversubscription, the allotment is done on a lottery basis.
Listed below are the Top 10 Oversubscribed IPOs of India with a breakup of subscriptions across investor categories and their listing gains.
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