IPO subscriptions drop to 1.9x in November, lowest in 2024 so far

Average subscription levels to India's mainboard IPOs dropped to 1.9 times in November, the lowest so far in 2024, according to data compiled by Moneycontrol. The highest subscription levels were seen in September, when it reached 76 times amid what experts called the 'IPO frenzy'. It later sharply declined to 16 times in October.