Since September last year, many new IPOs entered the Indian stock markets, even though the overall market struggled. Out of 47 companies that made their debut, 27 are still holding strong above their issue prices. That says a lot about investor confidence, even in uncertain times
Some stocks have managed to extend their listing gains, while others have seen slight corrections but continue to trade above their issue prices. This shows that despite the market swings, investors are sticking around for the long haul.
Big winners in the IPO space
KRN Heat Exchanger & Refrigeration Limited is leading the pack—it made a smashing debut at a 117% premium and has since climbed to a whopping 300% above its issue price. Not far behind, Quadrant Future Tek Limited and Gala Precision Engineering Limited, which started with 55% and 49% gains, have now soared to 92% and 90%, individually.
Other names like Diffusion Engineers, Enviro Infra Engineers, Transrail Lighting, and Garuda Construction & Engineering have also managed to stay in the green. Meanwhile, Sagility and Zinka Logistics Solutions, which started slightly underwhelming, have bounced back, jumping 67% and 87%, individually. This reinforces the importance of researching before deciding to apply for an IPO online.
Consistent performers in an unstable market
Some IPOs that started strong have managed to hold their ground despite all the market uncertainty. Companies like Waaree Energies, Vishal Mega Mart, Senores Pharmaceuticals, and Transrail Lighting are still trading near their listing levels, showing steady investor trust.
Experts say that factors like low free float, strong anchor book holdings, and pre-IPO investor lock-ins have played a big role in keeping these stocks stable. Some IPOs have corrected a bit but are still sitting comfortably above their issue prices.
For instance, Mamata Machinery Limited, which made a strong start with a 160% premium, has adjusted slightly but is still 75% higher than its issue price. Bajaj Housing Finance Limited, which debuted at a 137% premium, is currently up by 67%.
IPOs continue to attract big investments
The growing interest in IPOs clearly indicates that investors remain eager to invest. For those looking to apply for an IPO online, trends suggest that selecting the right companies could lead to solid returns. As more IPOs are lined up, investors should closely watch market movements and company fundamentals to make well-informed choices.
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