Independence Day 2023: 33 of 38 mainboard IPOs jump up to 200% in past year
Kaynes Technology India Ltd was at the top of the list with gains of 195.10% from its IPO price of ₹587. The initial public offering had a 34.1 times subscription and a 17.50% listing gain. When it comes to end-to-end and Internet of Things (IoT) solutions enabled integrated electronics manufacturing, Kaynes Technology is a leader with skills spanning the entire gamut of electronics system design and manufacturing services.
With gains of 115% from its IPO price of ₹220, Syrma SGS Technology Ltd ranks second on the list. The initial public offering received a subscription of 32.6 times and a listing gain of 41.10%. Also Read: SBFC Finance IPO: Latest GMP signals strong debut of shares on listing date Syrma SGS Tech manufactures different electronic sub-assemblies, assemblies, and box builds, as well as disc drives, memory modules, power supply / adapters, fibre optic assemblies, magnetic induction coils, RFID devices, and other electronic products.
Utkarsh Small Finance Bank Ltd, which offers banking and financial services, came in third on the list with gains of 103.60% from its issue price of ₹25. The initial public offering had a listing gain of 92% and was oversubscribed 101.9 times. Fourth with 102.60% gains was Electronics Mart India Ltd from its isssue price of ₹59.
Through a network of retail locations, Electronics Mart India conducts business in the selling of durable goods and consumer electronics.The IPO had a listing gain of 43.20% and was 71.9 times subscribed. Global Health Ltd came in fifth with gains of 101.60% from its IPO price of ₹336. Global Health Ltd, the operator of Medanta, offers medical services.
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