IPO Frenzy: 16 companies hit Dalal Street in January with 6 more set to list; a look at top performers

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Also Read: Qualitek Labs shares make stellar debut; stock lists with 90% premium at ₹190 In terms of top performers, Kay Cee Energy & Infra stood at the top, currently trading at ₹295.95 apiece, which is 447% higher than its IPO price of ₹54. Following closely are Maxposure Australian Premium Solar (India), Shri Balaji Valve Components, and Akanksha Power and Infrastructure, all trading with gains ranging from 130% to 276% from their respective issue prices.

However, Sameera Agro and Infra stock stands as an exception, trading 35% below its IPO price of ₹180 apiece. It's worth noting that in 2023, a total of 176 SME companies successfully entered the Indian secondary market.

Also Read: Multibagger SME stock turns ₹1 lakh an allottee into ₹4.41 lakh in 5 years Going forward, a significant number of mainline IPOs are expected to list this year. Ola Electric, the e-scooter manufacturer backed by SoftBank Group, has taken the first step by submitting its initial draft papers to the Securities and Exchange Board of India (SEBI) for an IPO with the goal of raising ₹5,500 crore.

Omnichannel retailer FirstCry has also entered the IPO arena. It filed draft documents for an initial public issue, consisting of ₹1,816 crore ($218 million) worth of fresh shares and an additional 54 million shares offered for sale by its existing investors.

Also Read: Firstcry IPO: Here are 10 key things to know from DRHP Additionally, Aakash, which was acquired by the prominent ed-tech firm Byju in 2021 for a substantial $950 million, is reportedly gearing up to launch its initial public offering (IPO) by mid-2024. PhonePe, a frontrunner in India's digital payment arena, is setting its sights on an initial public offering in the 2024–2025 timeframe.