2023 in Review: 62 of 176 SMEs listed this year have delivered multibagger returns; details here
Also Read: 2023 in review: IPOs this year have broken records; 2024 will likely see even more IPOs, says Venkatraghavan of Equirus According to data from Trendlyne, 234 companies have raised funds from Indian markets so far in 2023, with a significant portion of 176 companies falling within the SME category. In comparison, CY22 witnessed 103 SMEs entering the market; the number was 52 in 2021, 31 in 2020, and 31 in 2019. Out of the 176 SME stocks listed this year, 62, or 35%, are trading with gains ranging between 100% and 1000%.
Zooming out, 126 stocks are currently trading above their respective issue prices. In terms of the standout performers, RBM Infracon takes the lead, with its shares currently trading at ₹402 apiece, marking an impressive 1016.7% increase from its IPO price of ₹36 apiece. Also Read: Motisons Jewellers share price makes a strong debut; should buy, sell or hold? The stock, which went public on January 04, 2023, enjoyed a great debut, opening at an almost 46% premium at ₹52.5 compared to the issue price of ₹36 apiece.
Later, it ended the first day with a 53.1% gain at ₹55.1 apiece. Notably, in August alone, the stock jumped 113.36%. Vishnusurya Projects and Infra Solutions was another stock in this lineup whose shares have rallied from the issue price of ₹68 to ₹429.9 apiece, resulting in a gain of 532%.
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