February 2024 witnessed some exciting activity in the Indian IPO market, with eight companies from diverse sectors raising capital through public offerings. In this blog, we provide a summarised overview of these listings, including their closing prices and listing gains, to help investors understand the performance of these recent entrants to the stock market.
IPOs listed in February 2024
Company
Listing Date
Issue Price (₹)
Issue Size (Cr)
Lot Size
Exchange
Listing Close Price (₹)
Listing Gains (%)
GPT Healthcare Limited
Feb 29, 2024
186.00
525.14
80
BSE, NSE
200.70
7.90
Juniper Hotels Limited
Feb 28, 2024
360.00
1800.00
40
BSE, NSE
401.50
11.53
Vibhor Steel Tubes Limited
Feb 20, 2024
151.00
72.17
99
BSE, NSE
446.25
195.53
Entero Healthcare Solutions Limited
Feb 16, 2024
1258.00
1600.00
11
BSE, NSE
1149.55
-8.62
Capital Small Finance Bank Limited
Feb 14, 2024
468.00
523.07
32
BSE, NSE
435.00
-7.05
Jana Small Finance Bank Limited
Feb 14, 2024
414.00
570.00
36
BSE, NSE
368.15
-11.07
Rashi Peripherals Limited
Feb 14, 2024
311.00
600.00
48
BSE, NSE
321.50
3.38
Apeejay Surrendra Park Hotels Limited
Feb 12, 2024
155.00
920.00
96
BSE, NSE
203.55
31.32
BLS E-Services Limited
Feb 06, 2024
135.00
310.91
108
BSE, NSE
366.00
171.11
Key observations of these recent IPOs
The month saw a mix of companies from diverse sectors, including healthcare, hospitality, steel, finance, and IT services.
Issue prices ranged from ₹135.00 (BLS E-Services Limited) to ₹1258.00 (Entero Healthcare Solutions Limited), catering to various investor preferences.
Issue sizes varied significantly, with Juniper Hotels Limited raising the largest amount (₹1800.00 Cr) and Vibhor Steel Tubes Limited raising the smallest (₹72.17 Cr).
Recently Listed IPO performance highlights
Vibhor Steel Tubes Limited emerged as the star performer, registering a phenomenal 195.53% gain on its listing day.
BLS E-Services Limited also delivered an impressive performance, closing 171.11% above its issue price.
Apeejay Surrendra Park Hotels Limited witnessed a significant gain of 31.32% on its listing day.
However, some companies, including Entero Healthcare Solutions Limited, Capital Small Finance Bank Limited, and Jana Small Finance Bank Limited, closed below their issue price on their listing days.
Looking forward
The Indian IPO market is expected to remain active in the coming months. Investors interested in participating in upcoming offerings should:
Stay informed: Monitor financial news websites and subscribe to IPO alert services to stay updated on upcoming listings.
Conduct thorough research: Carefully evaluate the company's financials, business model, and future prospects before investing.
Consult a financial advisor: Seek professional guidance to assess the suitability of IPOs for your investment goals and risk tolerance
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