IPO Boom: 10 issues cross 100x subscription in August, highest monthly tally since 2006
Hy-Tech Engineers topped the charts with bids for 244.41 times the shares on offer, followed by Tempsens Instruments India at 183.53 times and ESDS Software Solutions at 135.88 times.
ET BureauArdee Industries, Lumino Industries, Augmont Enterprises, Behari Lal Engineering, Sunshine Pictures, Shiprocket and Priority Jewels were the other IPOs subscribed more than 100 times during the month. The subscription frenzy surpassed previous monthly highs by a wide margin. September 2024 had seven IPOs subscribed more than 100 times, while January 2025 had five.
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The August rush has taken the number of IPOs subscribed more than 100 times so far in 2026 to 15, already the third-highest annual tally. July saw 3 issues cross the 100-times subscription mark, while June saw two. Bharat Coking Coal was the only IPO to achieve the feat in January. Such strong subscription appetite was last seen in 2024, when 23 of the 91 IPOs launched were subscribed more than 100 times. In 2021, 17 of 63 issues crossed the mark, while 15 of the 103 IPOs launched in 2025, a record year for IPO fundraising, received bids exceeding 100 times the shares on offer.
