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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

CompanyListing DateIssue Price (₹)Issue Size (Cr)Lot SizeExchangeListing Close Price (₹)Listing Gains (%)
GPT Healthcare LimitedFeb 29, 2024186.00525.1480BSE, NSE200.707.90
Juniper Hotels LimitedFeb 28, 2024360.001800.0040BSE, NSE401.5011.53
Vibhor Steel Tubes LimitedFeb 20, 2024151.0072.1799BSE, NSE446.25195.53
Entero Healthcare Solutions LimitedFeb 16, 20241258.001600.0011BSE, NSE1149.55-8.62
Capital Small Finance Bank LimitedFeb 14, 2024468.00523.0732BSE, NSE435.00-7.05
Jana Small Finance Bank LimitedFeb 14, 2024414.00570.0036BSE, NSE368.15-11.07
Rashi Peripherals LimitedFeb 14, 2024311.00600.0048BSE, NSE321.503.38
Apeejay Surrendra Park Hotels LimitedFeb 12, 2024155.00920.0096BSE, NSE203.5531.32
BLS E-Services LimitedFeb 06, 2024135.00310.91108BSE, NSE366.00171.11

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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