IPO Market News: The past year has been a very good one for investors in the stock market. There have been 38 main board IPOs since Independence Day last year. Notably, 33 of these IPOs have returned more than 100 percent. This means that the investors of these IPOs have made huge profits over the course of a year.
These IPOs have also increased due to the boom in the stock market and substantial funds have been raised from the primary markets. Experts believe that the current market conditions will remain the same. India raised more funds during the year in rail, infrastructure, defence, drone manufacturing and exports, due to which small and medium-sized companies operating in these sectors performed well.
The small and medium sector IPO market has performed well. More than 135 SME IPOs have been launched since last Independence Day. Analysts say that the amount raised from the market has almost doubled compared to last year. There has been a sharp increase since April. The special thing is that most of the IPOs have been subscribed since April. In such a situation it can be said that investors have invested a lot of money.
IPOs that gave good returns in the last one year.
Taking into account the last trade price on August 11, 2023, Kaynes Technology India Limited topped the list with an increase of 195.10% from its IPO price of Rs 587, according to Trendline data. It was oversubscribed 34.1 times in the primary market and registered a list growth of 17.50 percent.
These IPOs also gave more than 100% returns.
After that, Sarma SGS Technology Ltd’s IPO, which gave 115% profit, gave 115% profit from Rs 220 in one year. Utkarsh Small Finance Bank Limited has given a return of 103.60% at a price of Rs.25 and is ranked third in the list. At the fourth position is the IPO of Electronics Mart India Limited, which has returned 102.60% at a price of Rs.59. On the other hand, the IPO of Global Health Limited is at the fifth position which has given a profit of 101.60% from Rs.336.
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