The upcoming IPO boom. Should you invest?
IPOs listed on the Indian stock market yesterday. Meason Valves took the top spot in terms of listing gains at about 90%. In fact, it almost doubled investors wealth on closing.
The eagerly anticipated listing was of EMS, and it did not disappoint. The stock listed at a premium of about 34% over its issue price. There was also Unihealth Consultancy which was a SME IPO.
It made a tepid debut with just about a 2% listing gain. All three stocks closed in the green on a day when the Nifty was down 0.8% and the market sentiment has taken a hit. This goes to show that there is a lot of demand for these newly listed stocks.
We believe this enthusiasm for IPOs is not going to go away any time soon. In this article, we will elaborate on this and answer the question about the best way to go about investing in these IPOs. Read on… The Indian stock market has been the place to be if you’ve been looking for quick IPO profits.
This year, before today, the main board saw 25 listings but the action has been over in the SME side with 103 listings. The capital mobilised through SME IPOs is the highest since their inception in 2012. In fact, it won’t be a stretch to say India is one of the busiest primary markets of 2023.
Indian stock exchanges have achieved global prominence by ranking first in terms of the number of IPOs and eighth in terms of issue proceeds for the year 2023. As per a popular IPO reference site, Chittorgarh, as on 21 September end of day, there are 6 IPOs open and 9 to be listed after closing their applications. There are also 12 IPOs that will open for subscription soon.
Read more on livemint.com
