The Indian primary market saw activity in April 2024 with several companies launching initial public offerings (IPOs). This blog analyses the performance of three notable listings: JNK India, Bharti Hexacom, and SRM Contractors. In this blog, we will look at the IPOs listed in April 2024. We'll explore their listing day gains, current performance, and key takeaways for investors.
JNK India, a metal manufacturing company, listed on April 30, 2024, with an issue price of ₹ 415. The issue was subscribed 28.13 times. The stock price on listing day closed at ₹ 694.55, reflecting a gain of 67.36%. As of May 2nd, 2024, the share price is ₹ 638.65.
Bharti Hexacom, a subsidiary of Bharti Airtel, listed on April 12, 2024, with an issue price of ₹ 570. The issue was subscribed over 29 times. The listing day saw a rise in the share price to ₹ 813.3, a gain of 42.68%. Currently, the stock trades at ₹ 878.80.
SRM Contractors, focused on engineering construction projects, listed on April 3, 2024, with an issue price of ₹ 210. The issue was subscribed over 86 times. The listing day gain was 7.62%, with the closing price at ₹ 226. However, the stock price has since fallen to ₹ 199.15.
The April 2024 IPO season offers insights for potential investors. Listing day gains are one factor to consider, but focus should also be placed on company fundamentals, industry trends, and long-term growth potential. Conducting thorough research on financials, business models, and competitive landscapes is crucial before investing in any IPO. Investors should maintain a balanced portfolio, incorporating established companies alongside potential high-growth IPOs.
By staying informed, conducting research, and approaching IPO investment with a measured perspective, investors can navigate the primary market with greater awareness.
For android only