Produced by: Tarun Mishra Designed by: Manoj Kumar
The primary market in India has witnessed a flurry of activity in 2023, with over 100 new listings. While some IPOs made substantial profits for the investors, the performance of some notable companies has been less than stellar. Let's delve into the top most anticipated IPOs of 2023 and how they've fared.
ideaForge Technology Ltd made an impressive debut at Rs 1344, listing at a 93% premium to its IPO price of Rs 672 . However, since its IPO, the stock has experienced a 37.24% decline from its listing price and currently trades at Rs 812.70. The IPO received significant attention, with a subscription rate of 106.06 times.
Mankind Pharma shares concluded their listing day with a substantial premium of 32% on NSE at Rs 1397.6. Currently, the stock stands at Rs 1837.50 apiece, reflecting a 29.19% increase from its listing price. The IPO saw strong demand, with a subscription rate of 15.32 times.
Concord Biotech Ltd enjoyed a strong debut, with a 21.46% premium on its listing at Rs 900.05. The stock has maintained its growth and currently trades at Rs 1384.25 apiece, marking a 46.90% increase from its listing price. The IPO garnered significant interest, with a subscription rate of 24.87 times.
Cello World Ltd shares settled with a premium of over 22% against the issue price of Rs 648. The stock ended its debut day at Rs 791.90. However, the stock price currently trades at Rs 789, almost flat from its debut. The IPO attracted considerable attention, with a subscription rate of 41.69 times.
Honasa Consumer Ltd, the parent company of Mamaearth, made a muted debut, with a 2% premium at Rs 330 to the issue price of Rs 324. The stock is currently trading at Rs 308.95, 8.35% lower than its listing price. The IPO received mixed interest, with a subscription rate of 7.61 times.
TVS Supply Chain Solutions Ltd had a lackluster debut, with a 5% premium to its issue price of Rs 197. The stock was listed at Rs 206.30 on BSE and Rs 207.05 on NSE. The stock currently trades at Rs 212.60, reflecting a 5% increase from its listing price. The IPO garnered varied interest, with a subscription rate of 2.85 times.
Yatra Online Ltd shares closed with a more than 4% discount compared to their issue price of Rs 142. The stock's debut began at Rs 130, marking an 8.45% decline from the issue price. It currently trades at Rs 137.40, 1.43% above its listing price. The IPO received mixed interest, with a subscription rate of only 1.66 times.
Avalon Technologies Ltd made its debut at a marginal discount against its issue price at Rs 431 against the issue price of Rs 436. However, it currently trades 22.31% above its IPO price at Rs 486.71. The IPO saw varied interest, with a subscription rate of 2.34 times.