Latent View, Vibhor Steel Tubes, Paras Defence: How India's most subscribed IPOs are performing vs issue price

The last few years have witnessed heightened activity in the primary market, with 91 maiden initial public offerings (IPOs) raising ₹1.6 lakh crore alone in 2024. Of India's three most subscribed IPOs, two came in 2021 and one in 2024. Latent View Analytics IPO was subscribed the most at 326.49 times, followed by issues of Vibhor Steel Tubes and Paras Defence at 320.05 times and 304.26 times, respectively. Let's take a look at how these stocks are performing compared to their issue price.

Latent View Analytics share price

The stock is currently trading 77.6% higher from the issue price of ₹197 per unit. It hit a 52-week high of ₹575 on July 16, 2024, and a 52-week low of ₹346 on March 12, 2025.

The ₹600 crore Latent View Analytics IPO, which was listed on November 23, 2021, was a fresh issuance of ₹474 crore and an offer-for-sale (OFS) component of ₹126.

The company offers analytics services like data and analytics consulting, advanced predictive analytics, business analytics & insights, data engineering, and digital solutions.

Vibhor Steel Tubes share price

The stock is trading 13.97% below its IPO price of ₹151 per share. The scrip had hit a 52-week high of ₹333 per share on April 3, 2024, and a 52-week low of ₹125 on March 12, 2025.

The Vibhor Steel Tubes IPO was solely a fresh issue of ₹72.17 crore. Retail investors had subscribed their portion 201 times. The listing on the NSE and the BSE occurred on February 20, 2024.

The company manufactures and supplies steel pipes and tubes to heavy engineering industries in India.

Paras Defence share price

The stock is up 413.14% from the issue price of ₹175. It had hit a 52-week high of ₹1,592.70 on July 5, 2024, and a 52-week low of ₹610 on March 28, 2024.

Paras Defence and Space Technologies designs, develops, manufactures, and tests defence and space engineering products and solutions.