{
  "id": 5319859,
  "title": "IPO Boom: 10 issues cross 100x subscription in Aug",
  "url": "https://urgent.news/2026/09/03/ipo-boom-10-issues-cross-100x-subscription-in-aug",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-03T00:06:43.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/markets/ipos/fpos/ipo-fever-surges-as-10-august-issues-cross-100x-bids/articleshow/133722546.cms"
  },
  "original_language": "en",
  "account": "Mumbai experienced a blockbuster month in August for IPO subscriptions, as 10 out of 23 issues saw bids for more than 100 times the shares offered, the highest tally since 2006, according to BSE and NSE data. Hy-Tech Engineers led the pack with bids 244.41 times the shares offered, followed by Tempsens Instruments India and ESDS Software Solutions. Other companies with highly subscribed IPOs included Ardee Industries, Lumino Industries, Augmont Enterprises, Behari Lal Engineering, Sunshine Pictures, Shiprocket, and Priority Jewels. The surge in subscription was much higher than previous monthly records, with only seven IPOs achieving the feat in September 2024 and five in January 2025. So far in 2026, 15 IPOs have been subscribed more than 100 times, placing 2026 in third place for annual tallies. July and June saw three and two such IPOs, respectively, with Bharat Coking Coal being the only IPO to achieve this in January. The last time the market saw such strong appetite was in 2024, when 23 out of 91 IPOs launched were subscribed more than 100 times. In 2021, 17 of 63 IPOs crossed the mark, while in the record year of 2025, 15 of the 103 IPOs launched saw bids exceeding 100 times the shares on offer.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "IPO Boom: 10 issues cross 100x subscription in August, highest monthly tally since 2006",
        "url": "https://urgent.news/2026/09/03/ipo-boom-10-issues-cross-100x-subscription-in-august-highest-monthly",
        "published": "2026-09-03T00:06:43.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}