High Demand: Investors wanted to buy significantly more shares than were offered.
Strong Interest: An oversubscribed IPO signals investor confidence and eagerness for the company’s stock.
Allotment Process: With high demand, not everyone who applied gets shares; allotments are often randomized (lottery) or distributed proportionally (pro-rata).
Positive Sign: Strong oversubscription often leads to a good listing price when the stock debuts.
