IPO Review: 25 companies hit Dalal Street in March with two more set to list; a look at the top performers
Also Read: Explained | Upside risk on inflation to export woes—here's how the Red Sea crisis will impact Indian economy in FY25 Among the top performers in the SME category entered in March, Owais Metal and Mineral Processing leads the pack, currently trading at ₹407 per share, marking a remarkable 368% increase from its IPO price of ₹87. Following closely are Purv Flexipack, Signoria Creation, and Royal Sense, all recording gains ranging from 65% to 125% from their respective issue prices. Conversely, MVK Agro Food Product emerged as the top underperformer, trading 52% below its IPO price of ₹79 per share.
Also Read: Holi 2014 to Holi 2024: Nifty 50 zooms over 200%, these 14 stocks gain 3,900% In the mainline category, Exicom Tele-Systems tops the list of March's best-performing companies, trading at ₹214 apiece, 51.1% above its IPO price of ₹142 per share. Mukka Proteins follows closely, with a gain of 45.9% at ₹40.09 per share over its IPO price of ₹28. Furthermore, one mainboard and twelve SME public issues are scheduled to open for subscription during the last week of March.
Additionally, two IPOs, namely Naman In-Store (India) and Vishwas Agri Seeds, are currently open for subscription. Also Read: IPOs this week: One mainboard, 12 SME public issues to open for subscription; check full list here This implies that all fifteen companies are poised to make their stock market debuts within the first two weeks of April. Overall, a total of 76 companies have made their debut on Dalal Street in CY24 thus far, with 22 falling under the mainline category and 54 categorised as SMEs.
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