IPO in 2023: Compared to previous years, the Indian primary market seems to be slow. So far in the current year, 7 IPOs have been listed on the exchange in which a total of Rs 6000 crore has been raised from the primary market. In five of these IPOs, investors got returns ranging from 15 per cent to 51 per cent. Barring Avalon Technologies, all others were listed at a premium. The good news, however, is that Avalon Technologies is up more than 15 percent since its listing. Here is the performance of the IPO in 2023:
After the public issue of Global Surface, investors have got a return of 51 percent so far. This share was issued at a price of 140 which has increased to 216. The issue size was Rs 155 crore. Global Surface’s shareholding today rose 2.46 percent and crossed 216. The stock’s fifty-two week high of Rs. 229 while the 52-week low is Rs.151.
This share of Mankind Pharma has increased by about 51 percent. The share price has risen to 1629 against the issue price of 1080. The issue size of the company was Rs 4326 crore. Shares of Mankind Pharma rose half a percent to 1629 today. Its highest level is Rs. 1662 and less Rs. is 1242
Shares of Divgi Torqtransfer Systems have also been listed this year. There has been an increase of 46 per cent in this share as compared to the issue price. The stock is trading at Rs 861 against the issue price of Rs 590. The total issue size was Rs 412 crore.
Shares of Shah Polymers have gained 36 per cent against the issue price. The issue price of this share is Rs. It was 65 which has increased to 88. The total issue size of the company was Rs 66 crore.
Shares of Avalon Technologies (Avalon Technologies) have gained 16 per cent compared to the issue price. This stock has increased from the level of Rs.436 to the level of Rs.507. The issue size at the time of Avalon’s IPO was Rs 865 crore. Similarly, the stake of Radiant Cash Management Services has increased by 0.28 per cent. The issue size was Rs 256 crore. After the issue of Udayashivkumar Infra, the share price has fallen by 6 per cent. This share has come down from 35 to 33. The issue size was Rs 70 crore.