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Exploring SME Sectors: Meaning, Scope, and Economic Contribution

Navia Markets — Thu, 19 Mar 2026 11:02:48 +0000

What is SME Sector?
What are the Examples of SME Sector?
Opportunities and Risks of SME IPOs
Emerging SME Sectors in India
Conclusion
Frequently Asked Questions

In the rapidly evolving economic landscape, one segment stands out as the important contributors to economic development: Small and Medium Enterprises. Often overshadowed by blur-chip giants, the sme sectors are the true contribute to innovation, employment and support economic activity. If you are an investor and looking for the growing companies focused on industrial growth, understanding this space can be useful.

This blog exploring the sme sector meaning, its impacts on the Indian economy, and the emerging trends that are redefining the future of small-scale industries.

What is SME Sector?

First understand the term, sme sector full form: Small and Medium Enterprises. But actually, what is sme sector in a functional sense? The answer is simple; it refers to a category of businesses that fall below certain thresholds of investment in plant and machinery or equipment and annual turnover.

In India the definition was revised to align with the global standards, moving away from a purely manufacturing-based classification to a composite one that includes both investment and turnover. This shift allowed more businesses to be eligible for government schemes, credit facilities, and priority sector lending.

What are the Examples of SME Sector?

When people think of the sme sectors they mostly picture local workshops, but the reality is that they are diverse in nature. Some of the common sme sector examples given below:

Manufacturing	Components for the automotive industry, textile weaving, and food processing units.
Services	Boutique digital marketing agencies, specialized HR consultancies, and private educational institutes.
Technology	Software-as-a-Service (SaaS) startups, mobile app development firms, and cybersecurity providers.
Retail	Specialized e-commerce brands and regional supply chain distributors.

Opportunities and Risks of SME IPOs

The biggest shifts in the Indian equity market over the last two years has been the increase in SME IPO activity. Small companies are bypassing traditional private funding and going directly to the public via NSE and BSE platforms. But still so many people have the common question: is sme ipo safe?

Here you can see the opportunities and risks of SME IPOs;

Opportunities	Risks
SMEs are often in their early expansion stages. Investing in the right sme sectors allows you to participate in potential business growth before it becomes larger companies.	SME stocks trade in “lots” (e.g., a minimum of 1,000 or 2,000 shares). If you need to exit quickly, you must find a buyer for the entire lot, which can be may be challenging during certain market conditions.
Many emerging sme sectors in india, such as specialized EV component manufacturing, are dominated by small, agile players with unique intellectual property.	Due to smaller market capitalizations, even a modest buy or sell order may lead to price fluctuations in the share price.
Unlike conglomerates, SMEs usually do one thing very well. This clarity makes it easier to track their specific supply chain and sectoral tailwinds.	While disclosure norms are improving, SMEs often have less analyst coverage and fewer public reports than Nifty 50 companies, making deep research more challenging.
As an SME grows, it often attracts Venture Capital or Private Equity, which can may influence price movement during “pre-migration” to the mainboard.	Small companies are highly dependent on their founders. If a key promoter leaves or a single large contract is lost, the business can may face operational challenges.

Emerging SME Sectors in India

The traditional sectors like textile and leather remain strong, but 2026 has seen the rise of several emerging sme sectors in India. These sectors are receiving investor interest and private equity interest. Let’s see emerging sectors in detail.

Green Energy & EV Components	Small firms are now specializing in battery management systems and solar panel maintenance.
Agri-Tech	SMEs are using IoT and AI to help farmers optimize crop yields and manage supply chains.
Specialized Healthcare	Medical device manufacturing and diagnostic startups are thriving under the “Make in India” initiative.
Defense Ancillaries	With the push for indigenous defense production, many SMEs are now vital suppliers of specialized parts for aerospace and naval projects.

Conclusion

You must understand that sme sectors are not limited to traditional small businesses, they are the specialized units contributing India toward its goal of becoming a global manufacturing hub. From the traditional workshops to the emerging sme sector in India focusing on space-tech and green energy, these companies represent the business activity across sectors.

The knowledge of how many sme companies in India will help to understand the market depth or wondering is sme ipo safe for consideration, the takeaway is clear: the SME space is where the notable activity is observed.

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Frequently Asked Questions

What do you mean by SME sector?

SMEs represent the middle ground between small and large enterprises, typically defined by specific thresholds for revenue, assets, or employee count. These classifications may also vary depending on the specific industry.

What does SME mean in a company?

SMEs, or Small and Medium-sized Enterprises, are businesses smaller than large corporations. Defined by specific metrics like headcount, revenue, or assets, they serve as important contributors for employment and economic development.

What is the difference between MSME and SME?

While “SME” is a global term for small and medium enterprises, “MSME” is the specific legal classification used in India to support and grow the nation’s core economy.

Is applying SME IPO good or bad?

Public listing boosts an SME’s brand visibility and reputation. Institutional backing may support governance practices, while an exchange listing serves as a significant development that may influence stakeholder perception.

DISCLAIMER: Investment in securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Full disclaimer: https://bit.ly/naviadisclaimer.

The post Exploring SME Sectors: Meaning, Scope, and Economic Contribution first appeared on Navia Blog.

Understanding Recent Developments in India’s IPO Market in 2026

Navia Markets — Tue, 10 Mar 2026 13:49:33 +0000

IPO Momentum Continues: Why is Performance So Mixed?
Is the IPO Listing Gain Era Coming to an End?
Does IPO Size or Hype Guarantee Post-Listing Returns?
Conclusion

The persistent volatility across global financial markets, one notable trend continues to be observed in India is, Initial Public Offerings (IPOs). If a company raises fresh capital for expansion or allows existing investors to offload their stakes, the IPO pipeline is busier than ever.

For investors who are seeking new offerings, there has been a steady flow of new offerings. It feels like a continuous relay race; before one issue even closes, two more are already waiting in line. The total number of IPO listing in India have steadily risen over the past five years, IPO activity has continued into 2026.

But the common question for every investor that, “Does this relentless increase in supply translate into the kind of blockbuster listing gains that defined previous years?” To find the answer, we must dive deeper into the post-listing performance. This article reviews recent trends in IPO performance.

IPO Momentum Continues: Why is Performance So Mixed?

2026 kicked off on an incredibly strong note, in just first 55 days, 31 companies successfully went to the public. This IPO activity is observed across multiple market segments; it swept through both the Mainboard and SME (Small and Medium Enterprise) platforms.

But a significant structural shift is happening. If we look back to 2021, Mainboard IPOs outpaced SMEs in terms of the number of listings. By 2025, that dynamic has completely reversed, with SMEs accounting for over 70% of the total IPOs.

The supply is rising steadily, but is investor appetite growing at the same pace? To determine this, we can’t just look at the number of deals: we must analyze listing gains and long-term post-listing performance.

Is the IPO Listing Gain Era Coming to an End?

If you were investing in IPOs in 2024, pessimism was very much out of fashion, because the market was on fire and almost every issue listing comfortably in the green. If you received an allotment, many IPOs listed at prices above their issue price. Many IPOs delivered significant listing day price increases, making the primary market feel like an attractive area of interest for market participants.

We already watched the mood shift in 2025; returns began to cool significantly across both SME and Mainboard IPOs. The regulatory changes specifically SEBI’s cap on SME listing gains, played a structured role in reducing extreme spikes. But the bigger factor was a genuine shift in investor sentiment and a noticeable drop in risk appetite.

The larger Mainboard IPOs were previously delivering healthy double-digit gains, and saw their average returns fall to single digit in 2025. In 2026, the IPO environment remains active, but gains are muted.

Does IPO Size or Hype Guarantee Post-Listing Returns?

Did you know that there are always a few highly anticipated IPOs that receive significant market attention every year. These “hyped” stocks tend to list massive premiums after dominating media headlines in the run-up to their debut. But what exactly happened after the listing day? Once the spotlight turns away from them to the next big thing?

Here the data shows a concerning trend; prices may change after the initial listing period.

As an example, Vibhor Steel Tubes delivered spectacular listing gains in 2024 and became one of the standout Mainboard IPOs of the year. But recently the stock has shown a decline in its peak listing price.

IPOs that list at very high premiums often struggle to justify those inflated expectations. The high valuations may reflect expectations about future business performance on Day One. And any minor operational disappointment can results in price adjustments.

The large companies like LG Electronics India and ICICI Prudential Asset Management have held up relatively better, most large offerings have disappointed. The statistics are telling that, of the IPOs listed in 2024, only 28% are now trading above their listing price. It suggests that short-term investors who exited on listing day experienced different outcomes than those who held on. The investors who entered at higher prices experienced declined in value on listing day itself.

Conclusion

Over the past five years, IPO supplies have not been evenly distributed. The sectors sending the most companies to market are often the ones already seeing intense investor attention and big capital flows.

The yearly leaders show Specialty Chemicals dominating in 2021, Construction & Engineering taking the spotlight in 2024, and Pharma in 2025. 2026 is seeing early momentum in Internet Software & Services.

The pipeline remains upbeat in 2026 with several marquee names expected to hit the market, including Reliance Jio Platforms, PhonePe, and Flipkart. Other prominent names like Hero FinCorp, NSE, Zepto, boAt, and OYO are also in focus. But the listing gains have moderated in recent periods. So, market participants may focus more on company fundamentals and valuations.

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The post Understanding Recent Developments in India’s IPO Market in 2026 first appeared on Navia Blog.

What is an IPO and How to Invest in it?

Navia Markets — Tue, 27 May 2025 11:53:52 +0000

IPO (Initial Public Offering) is a popular term in the stock market industry. It offered a chance to the investors to get in early on a company’s growth journey. But what is an IPO in the stock market and how does it work? This blog will break down everything related to the term, from the meaning of IPO, types of IPO, how to invest in IPO, to the risks and returns of it. If you are a beginner in the stock market and seeking to know about it this guide will help you understand it to make your journey successful.

What is Initial Public Offering (IPO)?

An Initial Public Offering or IPO is the process of a private company offering their shares to the public for the first time to get listed on a stock exchange. It allows the company to raise capital from public investors, that is used for their business expansion, debt repayment or general corporate purposes.

In simple words, IPO in the stock market refers to a company’s debut in the public equity market.

Types of IPO (Initial Public Offering)

There are two types of IPO’s available, they are;

Fixed Price Issue

When a company decides to sell its shares to the public for the first time at a pre-determined price, it is known as a Fixed Price IPO. In this method, the issue price of the shares is disclosed in advance to the investors. To apply for shares, investors must pay the full price at the time of application. And the demand for the issue is revealed only after the issue closes.

Book Building Issue

In Book Building Issue the company initiates an IPO and offers 20% price bans on the stocks. The investors can bid on the shares before they decide the final price. But they must mention the number of shares and the amount they are ready to pay per share in detail. The lowest share price is known as the floor price and the highest stock price known as the cap price. And the final decision about the price of the share is determined by the investor’s bids.

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How Does an IPO Work?

The IPO process includes some key steps and is called as the IPO cycle, they are;

Preparation Phase

Before initiating IPO, the company should prepare financial statements, business plans and other essential documents.

Filling of DRHP (Draft Red Herring Prospectus)

The company must register it with regulatory authority SEBI (Securities and Exchange Board of India) in India. They should submit detailed information about the company business model, financials and risks.

Selection of Stock Exchange

Now the company should select the exchange there they have to list its shares; they have to follow an application of the selected exchange.

Marketing Phase

The company and their underwriters conduct a “roadshow” there they will meet other investors to promote their IPO.

Pricing

The pricing of the IPO is based on the demand of the investors and the final prospects called Red Herring Prospectus (RHP).

Allocation

The shares of the company are allocated to different categories like Qualified Institutional Buyers (QIB), Retail Individual Investors and Non-Institutional Investors.

Public Launch

After listing company shares on the stock exchange like BSE or NSE, on the IPO day the shares are available for trading and the public can buy or sell the shares at market prices.

How to Invest in an IPO?

Here’s a simple step-by-step guide to help you get started with IPO investments through Navia:

Step 1: Open a Demat and Trading Account with Navia

Step 2: Log in to the Navia app and navigate to the ‘Account’ section

Step 3: Tap on ‘IPO’ to view the list of currently open IPOs

Step 4: Select the IPO you wish to bid for and click ‘Apply’

Step 5: Enter your bid details such as quantity and price (within the specified price band), and proceed using your net banking or UPI payment method

Step 6: Your funds will be blocked in your account until allotment

Step 7: Check your allotment status—if allotted, the shares will be credited to your Demat account

Historic Returns from IPO

You must understand that a stock will continue to trade at or above the initial offering price. Once it’s started trading in on a stock exchange you should prepare your mind to face both profit and loss. Most people buy invest in IPOs to enter the company’s early stage of life cycle to get potential future growth.

The screenshot presents a review of the Life Insurance Corporation of India (LIC) IPO performance from June 2024 to April 2025, highlighting the fact that IPO returns can fluctuate within milliseconds.

*Source: Screener

Benefits of Investing in Initial Public Offering

🠖 Early Investment Opportunity: Be among the first investors in a potentially high-growth company.

🠖 Potential Listing Gains: Some of the IPOs deliver strong returns on listing day.

🠖 Transparency: Regulatory filings and disclosures before the IPO offer detailed insights.

🠖 Brand Value: Often involves popular and growing companies entering the market.

Drawbacks of Investment in IPO

🠖 Uncertainty: It has the chance of underperforming stock after listing.

🠖 Overvaluation Risk: IPOs can be overpriced based on hype.

🠖 Limited Information: Financial history may be limited, especially for newer companies.

🠖 Allotment Not Guaranteed: High demand may result in partial or no allotment.

Terms You Should Know Related to IPO

IPO GMP (Grey Market Premium)	An unofficial premium at which IPO shares are traded before listing
Underwriter	Third party like broker or financial institutions to assist with you underwriting the stocks
Lot Size	The minimum number of shares you can apply for
Price Band	The range in which you can place your bid
DRHP (Draft Red Herring Prospectus)	A preliminary document of a company that submit to SEBI
ASBA (Application Supported by Blocked Amount)	Where your money is blocked until allotment
Fixed Price IPO	The predetermined issue price decided by a company
Under Subscription	It occurs when investor demand is lower than the number of shares offered
Oversubscription	It occurs when investor demand exceeds the number of shares offered.

Things to Remember Before Investing in IPO

🠖 Read and understand DRHP to get information about the company’s financials and risks.

🠖 IPOs are not risk-free so assess your risk appetite.

🠖 Always you need a well-defined investment strategy before investing in an IPO.

🠖 Note the lock-in period, this is the duration during which you cannot sell or trade the shares after making the initial investment.

Conclusion

IPO offers a golden opportunity to all the investors to invest in leading companies at the early stage and face the benefits and risks together. So before diving into the big market you must be aware about what is an IPO, how does an IPO work and the related terms like IPO GMP and IPO investment process that will help you make good decisions.

Want to get started with IPO investing? Open your demat account today in Navia and tap into the next big market debut!

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Frequently Asked Questions

How long does it take to process an IPO?

An IPO typically takes 4 to 6 months to process from planning to listing.

What is an IPO?

An IPO (Initial Public Offering) is the process by which a private company offers its shares to the public for the first time to raise capital.

Is IPO a good investment option?

An IPO can be a good investment if the company has strong fundamentals and growth potential, but it also carries risks due to market volatility and limited historical data.

Is it risky to buy an IPO?

Yes, buying an IPO can be risky due to limited performance history, potential overvaluation, and high market volatility after listing.

What is the minimum investment required to invest in IPO?

The minimum investment required to invest in an IPO in India is depending on the company lot size and price.

Can I pre-apply for IPO?

Yes, you can pre-apply for an IPO through supported brokers or trading platforms.

Can I sell my shares after IPO?

Yes, you can sell your shares after the IPO once they are listed and if there is no lock-in period.

DISCLAIMER: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit.

The post What is an IPO and How to Invest in it? first appeared on Navia Blog.

SME IPO Performance in India – 2024

Navia Markets — Mon, 03 Mar 2025 06:29:52 +0000

The Indian SME IPO market in 2024 saw a phenomenal 247 listings, with 223 delivering positive listing day gains and 173 still trading above their issue prices. That’s a crazy 90% win rate (almost same as 2023). 2024 can be recorded as the year of IPO’s with 40% more IPO’s being listed (243) compared to 2023 where 179 IPO’s got listed. That’s an average of about 20 IPO’s every month or 1 IPO per working day.

The top performers included Winsol Engineers Limited and Kay Cee Energy & Infra Limited, which recorded over 411% and 343% returns respectively on listing day. Overall, the market showed robust investor enthusiasm and strong post-listing performance. Below is a detailed summary of IPO performances on the SME front in India during 2024.

Key Statistics

1. Total SME IPOs: 247

2. Positive Listing Day Gains: 223

3. Negative Listing Day Gains: 24

4. Still trading above issue price (as on 9^th Jan 2025):

Positive Closing Prices: 173

Negative Closing Prices: 74

Top 5 IPOs by Listing Day Gains

Top 5 IPOs by Current Price Performance

Growth of SME IPO’s from 2011 – 2024

Fund Raise via SME Platforms: The total funds raised via the SME IPOs crossed a significant milestone, exceeding Rs 9,000 crore in FY 2024. The largest SME IPO was by Danish Power Limited (Rs 197.90 crores), followed by KP Green Engineering Limited (Rs 189.50 crores).

Performance of all SME IPO listed in 2024

Company Name	Listed On	Issue Price ₹	Listing Day Close	Listing Day Gain	Current Profit/Loss
TAC Infosec Limited	Fri, Apr 5, 2024	106	304.5	187%	1220%
Owais Metal and Mineral Processing Limited	Mon, Mar 4, 2024	87	262.5	202%	1123%
Afcom Holdings Limited	Fri, Aug 9, 2024	108	215.45	99%	848%
Australian Premium Solar (India) Limited	Thu, Jan 18, 2024	54	147	172%	838%
Alpex Solar Limited	Thu, Feb 15, 2024	115	345.45	200%	592%
Kay Cee Energy & Infra Limited	Fri, Jan 5, 2024	54	239.4	343%	590%
Ztech India Limited	Wed, Jun 5, 2024	110	105	-5%	506%
Slone Infosystems Limited	Fri, May 10, 2024	79	112.6	43%	476%
Teerth Gopicon Limited	Tue, Apr 16, 2024	111	131.25	18%	429%
Toss The Coin Limited	Tue, Dec 17, 2024	182	363.05	99%	385%
Esconet Technologies Limited	Fri, Feb 23, 2024	84	275.5	228%	379%
Sodhani Academy of Fintech Enablers Limited	Mon, Sep 23, 2024	40	55.65	39%	351%
Royal Sense Limited	Tue, Mar 19, 2024	68	122.74	81%	337%
C2C Advanced Systems Limited	Tue, Dec 3, 2024	226	450.85	99%	315%
Winsol Engineers Limited	Tue, May 14, 2024	75	383.25	411%	288%
GSM Foils Limited	Fri, May 31, 2024	32	33.6	5%	267%
Shubhshree Biofuels Energy Limited	Mon, Sep 16, 2024	119	198.45	67%	266%
Aimtron Electronics Limited	Thu, Jun 6, 2024	161	253.05	57%	263%
Atmastco Limited	Fri, Feb 23, 2024	77	95.55	24%	261%
V R Infraspace Limited	Tue, Mar 12, 2024	85	87.4	3%	260%
Shree Karni Fabcom Limited	Thu, Mar 14, 2024	227	273	20%	258%
Rajesh Power Services Limited	Mon, Dec 2, 2024	335	668.3	99%	244%
KP Green Engineering Limited	Fri, Mar 22, 2024	144	210	46%	239%
Aelea Commodities Limited	Mon, Jul 22, 2024	95	173.25	82%	234%
AVP Infracon Limited	Wed, Mar 20, 2024	75	75.05	0%	232%
Megatherm Induction Limited	Mon, Feb 5, 2024	108	207.9	93%	227%
Sathlokhar Synergys E&C Global Limited	Tue, Aug 6, 2024	140	247	76%	224%
Divine Power Energy Limited	Tue, Jul 2, 2024	40	152.3	281%	221%
Qualitek Labs Limited	Mon, Jan 29, 2024	100	199.5	100%	210%
Vilas Transcore Limited	Mon, Jun 3, 2024	147	225.75	54%	207%
Vruddhi Engineering Works Limited	Wed, Apr 3, 2024	70	74.55	7%	198%
Manoj Ceramic Limited	Wed, Jan 3, 2024	62	77.9	26%	198%
Sahaj Solar Limited	Fri, Jul 19, 2024	180	359.1	100%	192%
HOAC Foods India Limited	Fri, May 24, 2024	48	139.65	191%	192%
Pratham EPC Projects Limited	Mon, Mar 18, 2024	75	118.95	59%	189%
Nisus Finance Services Co Limited	Wed, Dec 11, 2024	180	236.25	31%	189%
Danish Power Limited	Tue, Oct 29, 2024	380	598.5	58%	185%
Akanksha Power and Infrastructure Limited	Wed, Jan 3, 2024	55	65.1	18%	182%
Effwa Infra & Research Limited	Fri, Jul 12, 2024	82	163.55	99%	177%
Maxposure Limited	Tue, Jan 23, 2024	33	137.75	317%	174%
GP Eco Solutions India Limited	Mon, Jun 24, 2024	94	393.75	319%	169%
Ganesh Green Bharat Limited	Fri, Jul 12, 2024	190	398	109%	168%
HRH Next Services Limited	Wed, Jan 3, 2024	36	43.05	20%	162%
Refractory Shapes Limited	Tue, May 14, 2024	31	78.75	154%	160%
RNFI Services Limited	Mon, Jul 29, 2024	105	189.55	81%	159%
Enfuse Solutions Limited	Fri, Mar 22, 2024	96	115.45	20%	158%
Rajputana Biodiesel Limited	Tue, Dec 3, 2024	130	259.35	100%	155%
Utssav Cz Gold Jewels Limited	Wed, Aug 7, 2024	110	115.55	5%	154%
OBSC Perfection Limited	Tue, Oct 29, 2024	100	115.5	16%	149%
Enser Communications Limited	Fri, Mar 22, 2024	70	70.1	0%	148%
Prizor Viztech Limited	Mon, Jul 22, 2024	87	173.55	99%	148%
Purv Flexipack Limited	Tue, Mar 5, 2024	71	247	248%	147%
Namo eWaste Management Limited	Wed, Sep 11, 2024	85	169.55	99%	147%
TechEra Engineering LImited	Thu, Oct 3, 2024	82	131.25	60%	140%
NACDAC Infrastructure Limited	Tue, Dec 24, 2024	35	69.82	99%	139%
Pelatro Limited	Tue, Sep 24, 2024	200	288.75	44%	139%
Travels & Rentals Limited	Thu, Sep 5, 2024	40	57.75	44%	138%
Macobs Technologies Limited	Wed, Jul 24, 2024	75	100.8	34%	137%
Creative Graphics Solutions India Limited	Tue, Apr 9, 2024	85	176.25	107%	136%
VVIP Infratech Limited	Tue, Jul 30, 2024	93	185.53	99%	135%
Addictive Learning Technology Limited	Tue, Jan 30, 2024	140	294.5	110%	132%
Energy-Mission Machineries (India) Limited	Thu, May 16, 2024	138	384.25	178%	130%
Jay Bee Laminations Limited	Tue, Sep 3, 2024	146	291.25	99%	126%
Winny Immigration and Education Services Ltd	Thu, Jun 27, 2024	140	252	80%	126%
Shivalic Power Control Limited	Mon, Jul 1, 2024	100	326.55	227%	124%
Chatha Foods Limited	Wed, Mar 27, 2024	56	72.82	30%	123%
Neelam Linens and Garments (India) Ltd	Mon, Nov 18, 2024	24	38.05	59%	123%
Pune E-Stock Broking Limited	Fri, Mar 15, 2024	83	133.18	60%	122%
Mason Infratech Limited	Mon, Jul 1, 2024	64	92.4	44%	120%
Mayank Cattle Food Limited	Mon, Feb 5, 2024	108	119.95	11%	117%
Rajputana Industries Limited	Tue, Aug 6, 2024	38	75.8	99%	115%
Apex Ecotech Limited	Wed, Dec 4, 2024	73	145.6	99%	108%
HVAX Technologies Limited	Mon, Oct 7, 2024	458	490.35	7%	106%
Trom Industries Limited	Thu, Aug 1, 2024	115	229.4	99%	103%
Aprameya Engineering Limited	Thu, Aug 1, 2024	58	75.6	30%	100%
S A Tech Software India Limited	Fri, Aug 2, 2024	59	117.7	99%	100%
Envirotech Systems Limited	Tue, Sep 24, 2024	56	111.7	99%	100%
Greenhitech Ventures Limited	Mon, Apr 22, 2024	50	99.75	100%	100%
Rudra Gas Enterprise Limited	Thu, Feb 15, 2024	63	125.68	99%	97%
Sahasra Electronics Solutions Limited	Fri, Oct 4, 2024	283	564.55	99%	96%
Premier Roadlines Limited	Fri, May 17, 2024	67	91.35	36%	96%
TBI Corn Limited	Fri, Jun 7, 2024	94	207.9	121%	95%
Osel Devices Limited	Tue, Sep 24, 2024	160	207.95	30%	95%
Nephro Care India Limited	Fri, Jul 5, 2024	90	179.55	100%	95%
Storage Technologies and Automation Ltd	Wed, May 8, 2024	78	153.05	96%	93%
Shiv Texchem Limited	Tue, Oct 15, 2024	166	250.95	51%	85%
Yash Highvoltage Limited	Thu, Dec 19, 2024	146	285.63	96%	84%
Blue Pebble Limited	Wed, Apr 3, 2024	168	208.95	24%	83%
Thaai Casting Ltd	Fri, Feb 23, 2024	77	195.15	153%	79%
GEM Enviro Management Limited	Wed, Jun 26, 2024	75	149.62	99%	79%
Ganesh Infraworld Limited	Fri, Dec 6, 2024	83	165.55	99%	76%
Indian Emulsifier Limited	Wed, May 22, 2024	132	451.5	242%	72%
Avi Ansh Textile Limited	Fri, Sep 27, 2024	62	71.15	15%	70%
Picture Post Studios Limited	Fri, Aug 9, 2024	24	31.5	31%	69%
Gabriel Pet Straps Limited	Wed, Feb 7, 2024	101	120.75	20%	68%
Konstelec Engineers Limited	Tue, Jan 30, 2024	70	220.5	215%	67%
Beacon Trusteeship Limited	Tue, Jun 4, 2024	60	94.5	58%	66%
Ramdevbaba Solvent Limited	Tue, Apr 23, 2024	85	117.6	38%	66%
Fonebox Retail Limited	Fri, Feb 2, 2024	70	210	200%	65%
Innomet Advanced Materials Limited	Wed, Sep 18, 2024	100	199.5	100%	65%
Diensten Tech Limited	Wed, Jul 3, 2024	100	252	152%	63%
Lakshya Powertech Limited	Wed, Oct 23, 2024	180	359.1	100%	62%
Emerald Tyre Manufacturers Limited	Thu, Dec 12, 2024	95	189.5	99%	60%
Freshara Agro Exports Limited	Thu, Oct 24, 2024	116	134.7	16%	58%
Signoria Creation Limited	Tue, Mar 19, 2024	65	137.55	112%	56%
Esprit Stones Limited	Fri, Aug 2, 2024	87	97.8	12%	55%
United Heat Transfer Limited	Tue, Oct 29, 2024	59	63.95	8%	54%
Rappid Valves (India) Limited	Mon, Sep 30, 2024	222	309.35	39%	54%
Sylvan Plyboard (India) Ltd	Mon, Jul 1, 2024	55	69.3	26%	53%
Medicamen Organics Limited	Fri, Jun 28, 2024	34	144.7	326%	53%
Naman In-Store (India) Limited	Tue, Apr 2, 2024	89	118.75	33%	52%
Harshdeep Hortico Limited	Mon, Feb 5, 2024	45	66.5	48%	52%
Silkflex Polymers (India) Limited	Wed, May 15, 2024	52	58.7	13%	50%
Shri Balaji Valve Components Limited	Wed, Jan 3, 2024	100	199.5	100%	49%
Vdeal System Limited	Tue, Sep 3, 2024	112	178.5	59%	48%
Sati Poly Plast Limited	Mon, Jul 22, 2024	130	259.35	100%	47%
Omfurn India Limited	Thu, Mar 28, 2024	75	76.6	2%	46%
Sadhav Shipping Limited	Fri, Mar 1, 2024	95	141.75	49%	46%
Kataria Industries Limited	Wed, Jul 24, 2024	96	191.5	99%	46%
Sunlite Recycling Industries Limited	Tue, Aug 20, 2024	105	209.45	99%	43%
Associated Coaters Limited	Thu, Jun 6, 2024	121	134.9	11%	41%
Interiors and More Limited	Fri, Feb 23, 2024	227	283.5	25%	39%
Quest Laboratories Limited	Thu, May 23, 2024	97	147.35	52%	39%
Trust Fintech Limited	Thu, Apr 4, 2024	101	150.4	49%	38%
Radiowalla Network Limited	Fri, Apr 5, 2024	76	126.15	66%	37%
Aztec Fluids & Machinery Limited	Fri, May 17, 2024	67	85.5	28%	36%
Aeron Composite Limited	Wed, Sep 4, 2024	125	157.5	26%	36%
Aluwind Architectural Limited	Tue, Apr 9, 2024	45	47.25	5%	36%
Onyx Biotec Limited	Fri, Nov 22, 2024	61	56.75	-7%	35%
Identical Brains Studios Limited	Thu, Dec 26, 2024	54	99.75	85%	35%
Hamps Bio Limited	Fri, Dec 20, 2024	51	101.74	99%	35%
Purple United Sales Limited	Wed, Dec 18, 2024	126	208.95	66%	35%
Positron Energy Limited	Tue, Aug 20, 2024	250	498.75	100%	34%
V.L.Infraprojects Limited	Tue, Jul 30, 2024	42	83.75	99%	31%
Share Samadhan Limited	Mon, Sep 16, 2024	74	74.87	1%	27%
Zenith Drugs Limited	Tue, Feb 27, 2024	79	105.15	33%	27%
Dhanlaxmi Crop Science Ltd	Mon, Dec 16, 2024	55	109.7	99%	27%
Brace Port Logistics Limited	Mon, Aug 26, 2024	80	167.55	109%	25%
Forcas Studio Limited	Mon, Aug 26, 2024	80	144.4	81%	25%
Kaushalya Logistics Limited	Mon, Jan 8, 2024	75	105	40%	25%
SD Retail Limited	Fri, Sep 27, 2024	131	150.9	15%	24%
Chetana Education Limited	Wed, Jul 31, 2024	85	103.8	22%	23%
Emmforce Autotech Limited	Tue, Apr 30, 2024	98	195.51	100%	23%
Pranik Logistics Limited	Thu, Oct 17, 2024	77	82.95	8%	20%
Nexxus Petro Industries Limited	Fri, Oct 4, 2024	105	132.3	26%	19%
K2 Infragen Limited	Mon, Apr 8, 2024	119	173.25	46%	19%
Dhariwalcorp Limited	Thu, Aug 8, 2024	106	142.5	34%	18%
Sattrix Information Security Limited	Wed, Jun 12, 2024	121	157.5	30%	18%
Vision Infra Equipment Solutions Limited	Fri, Sep 13, 2024	163	215.25	32%	17%
Aesthetik Engineers Limited	Fri, Aug 16, 2024	58	115.7	99%	17%
ABS Marine Services Limited	Tue, May 21, 2024	147	279.3	90%	16%
Jungle Camps India Limited	Tue, Dec 17, 2024	72	129.96	81%	16%
Kizi Apparels Limited	Tue, Aug 6, 2024	21	24.3	16%	15%
SAR Televenture Limited	Mon, Jul 29, 2024	210	232.6	11%	15%
Shree Marutinandan Tubes Limited	Fri, Jan 19, 2024	143	210	47%	15%
AIK Pipes And Polymers Limited	Tue, Jan 2, 2024	89	105	18%	14%
Shivam Chemicals Limited	Tue, Apr 30, 2024	44	47.4	8%	13%
Mach Conferences and Events Limited	Wed, Sep 11, 2024	225	295.55	31%	13%
TGIF Agribusiness Limited	Wed, May 15, 2024	93	142.5	53%	12%
DelaPlex Limited	Fri, Feb 2, 2024	192	324.45	69%	12%
Thinking Hats Entertainment Solutions Limited	Thu, Oct 3, 2024	44	57	30%	11%
Agarwal Toughened Glass India Limited	Thu, Dec 5, 2024	108	141.75	31%	11%
Paramount Speciality Forgings Limited	Wed, Sep 25, 2024	59	87.15	48%	11%
Rulka Electricals Limited	Fri, May 24, 2024	235	498.75	112%	10%
Docmode Health Technologies Limited	Fri, Feb 2, 2024	79	180.75	129%	10%
Wise Travel India Limited	Mon, Feb 19, 2024	147	204.75	39%	9%
Ideal Technoplast Industries Limited	Wed, Aug 28, 2024	121	138.7	15%	7%
Yash Optics & Lens Limited	Mon, Apr 8, 2024	81	92.7	14%	7%
Amkay Products Limited	Wed, May 8, 2024	55	109.72	99%	5%
Petro Carbon and Chemicals Limited	Tue, Jul 2, 2024	171	315	84%	5%
Divyadhan Recycling Industries Limited	Fri, Oct 4, 2024	64	88.2	38%	5%
DCG Cables & Wires Limited	Tue, Apr 16, 2024	100	91.55	-8%	3%
IBL Finance Limited	Tue, Jan 16, 2024	51	58.8	15%	2%
Mangal Compusolution Limited	Thu, Nov 21, 2024	45	42.75	-5%	-3%
Veritaas Advertising Limited	Tue, May 21, 2024	114	261.25	129%	-4%
GConnect Logitech and Supply Chain Limited	Wed, Apr 3, 2024	40	44.1	10%	-4%
NeoPolitan Pizza and Foods Limited	Wed, Oct 9, 2024	20	20.21	1%	-5%
New Swan Multitech Limited	Thu, Jan 18, 2024	66	131.67	100%	-5%
WOL 3D India Limited	Mon, Sep 30, 2024	150	189.05	26%	-5%
Bulkcorp International Limited	Tue, Aug 6, 2024	105	136.5	30%	-6%
Premium Plast Limited	Mon, Oct 28, 2024	49	48.9	0%	-6%
Akiko Global Services Limited	Tue, Jul 2, 2024	77	93.35	21%	-6%
Dindigul Farm Product Limited	Thu, Jun 27, 2024	54	107.73	100%	-7%
Unilex Colours and Chemicals Limited	Thu, Oct 3, 2024	87	88.15	1%	-7%
Brisk Technovision Limited	Wed, Jan 31, 2024	156	183.75	18%	-7%
Ambey Laboratories Limited	Thu, Jul 11, 2024	68	89.25	31%	-7%
Paramatrix Technologies Limited	Wed, Sep 4, 2024	110	120.8	10%	-7%
Popular Foundations Limited	Tue, Sep 24, 2024	37	37.07	0%	-8%
Visaman Global Sales Limited	Mon, Jul 1, 2024	43	47.35	10%	-9%
Jeyyam Global Foods Limited	Mon, Sep 9, 2024	61	64.05	5%	-10%
Broach Lifecare Hospital Limited	Wed, Aug 21, 2024	25	49.87	99%	-11%
Three M Paper Boards Limited	Mon, Jul 22, 2024	69	79.8	16%	-12%
Naturewings Holidays Limited	Tue, Sep 10, 2024	74	90.25	22%	-12%
Vishwas Agri Seeds Limited	Mon, Apr 1, 2024	86	83.6	-3%	-12%
Jay Kailash Namkeen Limited	Mon, Apr 8, 2024	73	80.75	11%	-12%
Subam Papers Limited	Tue, Oct 8, 2024	152	152.15	0%	-13%
Faalcon Concepts Limited	Fri, Apr 26, 2024	62	90.25	46%	-13%
Sona Machinery Limited	Wed, Mar 13, 2024	143	131.25	-8%	-14%
Durlax Top Surface Limited	Wed, Jun 26, 2024	68	103.55	52%	-19%
Sai Swami Metals & Alloys Limited	Wed, May 8, 2024	60	119.7	100%	-20%
Forge Auto International Limited	Fri, Oct 4, 2024	108	109.35	1%	-21%
Aspire & Innovative Advertising Limited	Wed, Apr 3, 2024	54	59.3	10%	-23%
Aditya Ultra Steel Limited	Mon, Sep 16, 2024	62	66.4	7%	-23%
Indian Phosphate Limited	Tue, Sep 3, 2024	99	178.7	81%	-24%
Boss Packaging Solutions Limited	Fri, Sep 6, 2024	66	86.6	31%	-24%
Tunwal E-Motors Limited	Tue, Jul 23, 2024	59	60.8	3%	-26%
Manglam Infra and Engineering Limited	Wed, Jul 31, 2024	56	111.7	99%	-26%
Clinitech Laboratory Limited	Thu, Aug 1, 2024	96	120.75	26%	-27%
Koura Fine Diamond Jewelry Limited	Thu, Mar 14, 2024	55	78.63	43%	-27%
Saj Hotels Limited	Mon, Oct 7, 2024	65	52.45	-19%	-28%
My Mudra Fincorp Limited	Thu, Sep 12, 2024	110	123.5	12%	-28%
Grill Splendour Services Limited	Tue, Apr 23, 2024	120	127.35	6%	-29%
Paramount Dye Tec Limited	Tue, Oct 8, 2024	117	101.7	-13%	-29%
Supreme Facility Management Limited	Wed, Dec 18, 2024	76	71.25	-6%	-30%
Piotex Industries Limited	Fri, May 17, 2024	94	114.3	22%	-30%
Rapid Multimodal Logistics Limited	Fri, Aug 30, 2024	84	108.1	29%	-30%
Magenta Lifecare Limited	Wed, Jun 12, 2024	35	47.25	35%	-31%
Usha Financial Services Limited	Thu, Oct 31, 2024	168	155.85	-7%	-31%
Khyati Global Ventures Limited	Fri, Oct 11, 2024	99	99.75	1%	-32%
Deem Roll Tech Limited	Tue, Feb 27, 2024	129	209.7	63%	-33%
Newmalayalam Steel Limited	Fri, Dec 27, 2024	90	85.5	-5%	-34%
Kalana Ispat Limited	Thu, Sep 26, 2024	66	47.4	-28%	-34%
Ashapura Logistics Limited	Tue, Aug 6, 2024	144	175.75	22%	-34%
Italian Edibles Limited	Mon, Feb 12, 2024	68	57.75	-15%	-37%
Excellent Wires and Packaging Limited	Thu, Sep 19, 2024	90	77.95	-13%	-37%
Varyaa Creations Limited	Tue, Apr 30, 2024	150	270.75	81%	-38%
Euphoria Infotech India Limited	Tue, Jan 30, 2024	100	181.51	82%	-40%
United Cotfab Limited	Mon, Jun 24, 2024	70	78.75	13%	-40%
Abha Power and Steel Limited	Wed, Dec 4, 2024	75	77.8	4%	-42%
Deccan Transcon Leasing Limited	Tue, Sep 24, 2024	108	110.25	2%	-43%
Kalahridhaan Trendz Limited	Fri, Feb 23, 2024	45	49.5	10%	-43%
SPP Polymer Limited	Tue, Sep 17, 2024	59	59.85	1%	-43%
3C IT Solutions & Telecoms (India) Limited	Wed, Jun 12, 2024	52	45.16	-13%	-44%
Resourceful Automobile Limited	Thu, Aug 29, 2024	117	122.85	5%	-46%
Gajanand International Limited	Mon, Sep 16, 2024	36	39.9	11%	-50%
Sameera Agro And Infra Limited	Mon, Jan 1, 2024	180	171	-5%	-50%
Falcon Technoprojects India Limited	Wed, Jun 26, 2024	92	88.2	-4%	-51%
Solve Plastic Products Limited	Wed, Aug 21, 2024	91	107.1	18%	-51%
Polysil Irrigation Systems Limited	Fri, Feb 16, 2024	54	54.25	0%	-52%
Mandeep Auto Industries Limited	Tue, May 21, 2024	67	65.35	-2%	-53%
QVC Exports Limited	Wed, Aug 28, 2024	86	152.95	78%	-53%
BikeWo GreenTech Limited	Fri, Sep 27, 2024	62	47.25	-24%	-54%
Phoenix Overseas Limited	Fri, Sep 27, 2024	64	60.8	-5%	-56%
Lamosaic India Limited	Fri, Nov 29, 2024	200	172.2	-14%	-57%
Finelistings Technologies Limited	Tue, May 14, 2024	123	133.35	8%	-60%
Baweja Studios Limited	Tue, Feb 6, 2024	180	173.85	-3%	-63%
M.V.K. Agro Food Product Ltd	Thu, Mar 7, 2024	120	82.95	-31%	-67%

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The post SME IPO Performance in India – 2024 first appeared on Navia Blog.

Mainboard IPO Performance in India – 2024

Navia Markets — Wed, 22 Jan 2025 06:17:17 +0000

The Indian Mainboard IPO market in 2024 saw 93 listings, with 74 delivering positive listing day gains and 65 still trading above their issue prices. That’s almost a 80% win rate (same as 2023). 2024 can be recorded as the year of IPO’s with 50% more IPO’s being listed (93) compared to 2023 where 60 IPO’s got listed. That’s an average of about 8 IPO’s every month.

The top performers included Vibhor Steel Tubes and Jyoti CNC Automation, which recorded over 195% and 296% returns respectively. Overall, the market showed robust investor enthusiasm and strong post-listing performance. Below is a detailed summary of IPO performances on the Mainboard in India during 2024. Current price is based on closing price recorded on 9^th January 2025.

Key Statistics

Total IPOs: 93

Positive Listing Day Gains: 74

Negative Listing Day Gains: 19

Current Performance:

Positive Closing Prices: 65

Negative Closing Prices: 28

Top 5 IPOs by Listing Day Gains

Top 5 IPOs by Current Price Performance

Month wise IPO listings

Month	No. of IPO Listings in 2024	No. of IPO Listings in 2023
January	4	2
February	9	5
March	9	4
April	4	2
May	5	1
June	5	1
July	5	6
August	8	5
September	13	8
October	7	6
November	8	7
December	16	13
Total	93	60

Overall good listing gains were seen for IPO’s listed in December 24

Company Name	Listed On	Issue Price	Listing Day Close	Listing Day Gain (%)	Current Price	Profit/Loss (%)
Unimech Aerospace & Manufacturing Ltd	2024-12-31	₹785	₹1376.25	75.32%	₹1299.15	65.5%
Carraro India Ltd	2024-12-30	₹704	₹636.2	-9.63%	₹621.4	-11.73%
Ventive Hospitality Ltd	2024-12-30	₹643	₹704.35	9.54%	₹716.15	11.38%
Senores Pharmaceuticals Ltd	2024-12-30	₹391	₹557.8	42.66%	₹530.8	35.75%
Sanathan Textiles Ltd	2024-12-27	₹321	₹388.35	20.98%	₹353.55	10.14%
Transrail Lighting Ltd	2024-12-27	₹432	₹553.55	28.14%	₹676	56.48%
Concord Enviro Systems Ltd	2024-12-27	₹701	₹827.1	17.99%	₹743.65	6.08%
Mamata Machinery Ltd	2024-12-27	₹243	₹630	159.26%	₹477.25	96.4%
DAM Capital Advisors Ltd	2024-12-27	₹283	₹415.1	46.68%	₹381.8	34.91%
International Gemmological Institute Ltd	2024-12-20	₹417	₹471.15	12.99%	₹602.4	44.46%
Inventurus Knowledge Solutions Ltd	2024-12-19	₹1329	₹1885.8	41.9%	₹1953.5	46.99%
One Mobikwik Systems Ltd	2024-12-18	₹279	₹528	89.25%	₹573	105.38%
Sai Life Sciences Ltd	2024-12-18	₹549	₹764.65	39.28%	₹728.8	32.75%
Vishal Mega Mart Ltd	2024-12-18	₹78	₹111.93	43.5%	₹110.85	42.12%

Performance of all 2024 listed IPO’s based on close price as on 9^th January 2025

Company Name	Listed On	Issue Price	Listing Day Close	Listing Day Gain	Current Price	Profit/Loss %
Jyoti CNC Automation Limited	Tue, Jan 16, 2024	₹331	₹434.2	31.18%	1313.65	296.87%
KRN Heat Exchanger and Refrigeration Limited	Thu, Oct 3, 2024	₹220	₹478.79	117.63%	730.75	232.16%
Orient Technologies Limited	Wed, Aug 28, 2024	₹206	₹302.4	46.80%	572.65	177.99%
Premier Energies Limited	Tue, Sep 3, 2024	₹450	₹839.9	86.64%	1210.95	169.10%
EPACK Durable Limited	Tue, Jan 30, 2024	₹230	₹207.6	-9.74%	597.1	159.61%
Bharti Hexacom Limited	Fri, Apr 12, 2024	₹570	₹813.3	42.68%	1474.7	158.72%
Platinum Industries Limited	Tue, Mar 5, 2024	₹171	₹221.2	29.36%	400.05	133.95%
Gala Precision Engineering Limited	Mon, Sep 9, 2024	₹529	₹757.15	43.13%	1223.15	131.22%
One Mobikwik Systems Limited	Wed, Dec 18, 2024	₹279	₹528	89.25%	573	105.38%
Enviro Infra Engineers Limited	Fri, Nov 29, 2024	₹148	₹207.07	39.91%	294.4	98.92%
Mamata Machinery Limited	Fri, Dec 27, 2024	₹243	₹630	159.26%	477.25	96.40%
Awfis Space Solutions Limited	Thu, May 30, 2024	₹383	₹402.95	5.21%	740	93.21%
Diffusion Engineers Limited	Fri, Oct 4, 2024	₹168	₹203.17	20.93%	324.2	92.98%
TBO Tek Limited	Wed, May 15, 2024	₹920	₹1406.3	52.86%	1742.55	89.41%
Interarch Building Products Limited	Mon, Aug 26, 2024	₹900	₹1196.45	32.94%	1684.9	87.21%
Exicom Tele-Systems Limited	Tue, Mar 5, 2024	₹142	₹224.95	58.42%	262.75	85.04%
SRM Contractors Limited	Wed, Apr 3, 2024	₹210	₹226	7.62%	377.65	79.83%
JG Chemicals Limited	Wed, Mar 13, 2024	₹221	₹184.8	-16.38%	389.25	76.13%
Waaree Energies Limited	Mon, Oct 28, 2024	₹1503	₹2338.9	55.62%	2599.2	72.93%
Bajaj Housing Finance Limited	Mon, Sep 16, 2024	₹70	₹165	135.71%	120.9	72.71%
Bansal Wire Industries Limited	Wed, Jul 10, 2024	₹256	₹350.35	36.86%	438.8	71.41%
Sagility India Limited	Tue, Nov 12, 2024	₹30	₹29.32	-2.27%	51.09	70.30%
Le Travenues Technology Ltd	Tue, Jun 18, 2024	₹93	₹165.72	78.19%	157.95	69.84%
Unimech Aerospace and Manufacturing Limited	Tue, Dec 31, 2024	₹785	₹1376.25	75.32%	1299.15	65.50%
Nova AgriTech Limited	Wed, Jan 31, 2024	₹41	₹57.75	40.85%	64.42	57.12%
Transrail Lighting Limited	Fri, Dec 27, 2024	₹432	₹553.55	28.14%	676	56.48%
BLS E-Services Limited	Tue, Feb 6, 2024	₹135	₹366	171.11%	206.3	52.81%
Allied Blenders and Distillers Limited	Tue, Jul 2, 2024	₹281	₹317.9	13.13%	427.6	52.17%
Unicommerce eSolutions Limited	Tue, Aug 13, 2024	₹108	₹210.08	94.52%	163.8	51.67%
Zinka Logistics Solution Limited	Fri, Nov 22, 2024	₹273	₹260.2	-4.69%	409.15	49.87%
JNK India Limited	Tue, Apr 30, 2024	₹415	₹694.55	67.36%	611.85	47.43%
Inventurus Knowledge Solutions Limited	Thu, Dec 19, 2024	₹1329	₹1885.8	41.90%	1953.5	46.99%
Garuda Construction and Engineering Limited	Tue, Oct 15, 2024	₹95	₹106.36	11.96%	138.3	45.58%
Medi Assist Healthcare Services Limited	Tue, Jan 23, 2024	₹418	₹464.1	11.03%	604.7	44.67%
DEE Development Engineers Limited	Wed, Jun 26, 2024	₹203	₹335.32	65.18%	293.5	44.58%
International Gemmological Institute (India) Limited	Fri, Dec 20, 2024	₹417	₹471.15	12.99%	602.4	44.46%
Kronox Lab Sciences Limited	Mon, Jun 10, 2024	₹136	₹151.35	11.29%	196.45	44.45%
Emcure Pharmaceuticals Limited	Wed, Jul 10, 2024	₹1008	₹1359.15	34.84%	1433.1	42.17%
Vishal Mega Mart Limited	Wed, Dec 18, 2024	₹78	₹111.93	43.50%	110.85	42.12%
Indegene Limited	Mon, May 13, 2024	₹452	₹570.9	26.31%	628.8	39.12%
Vibhor Steel Tubes Limited	Tue, Feb 20, 2024	₹151	₹446.25	195.53%	210.05	39.11%
P N Gadgil Jewellers Limited	Tue, Sep 17, 2024	₹480	₹793.3	65.27%	662.45	38.01%
Arkade Developers Limited	Tue, Sep 24, 2024	₹128	₹165.86	29.58%	174	35.94%
Senores Pharmaceuticals Limited	Mon, Dec 30, 2024	₹391	₹557.8	42.66%	530.8	35.75%
DAM Capital Advisors Limited	Fri, Dec 27, 2024	₹283	₹415.1	46.68%	381.8	34.91%
Mukka Proteins Limited	Thu, Mar 7, 2024	₹28	₹42.25	50.89%	37.58	34.21%
Aadhar Housing Finance Limited	Wed, May 15, 2024	₹315	₹329.45	4.59%	422.65	34.17%
Sai Life Sciences Limited	Wed, Dec 18, 2024	₹549	₹764.65	39.28%	728.8	32.75%
Swiggy Limited	Wed, Nov 13, 2024	₹390	₹456	16.92%	507.6	30.15%
Manba Finance Limited	Mon, Sep 30, 2024	₹120	₹157.45	31.21%	154.15	28.46%
Apeejay Surrendra Park Hotels Limited	Mon, Feb 12, 2024	₹155	₹203.55	31.32%	198.75	28.23%
Sanstar Limited	Fri, Jul 26, 2024	₹95	₹115.07	21.13%	118.05	24.26%
Rashi Peripherals Limited	Wed, Feb 14, 2024	₹311	₹321.5	3.38%	379.9	22.15%
Brainbees Solutions Limited	Tue, Aug 13, 2024	₹465	₹679.1	46.04%	553.75	19.09%
Entero Healthcare Solutions Limited	Fri, Feb 16, 2024	₹1258	₹1149.55	-8.62%	1446.6	14.99%
Bharat Highways Infrastructure Investment Trust	Tue, Mar 12, 2024	₹100	₹103.05	3.05%	113.02	13.02%
NTPC Green Energy Limited	Wed, Nov 27, 2024	₹108	₹121.65	12.64%	120.9	11.94%
Afcons Infrastructure Limited	Mon, Nov 4, 2024	₹463	₹474.2	2.42%	517.15	11.70%
Ventive Hospitality Limited	Mon, Dec 30, 2024	₹643	₹704.35	9.54%	716.15	11.38%
Sanathan Textiles Limited	Fri, Dec 27, 2024	₹321	₹388.35	20.98%	353.55	10.14%
Go Digit General Insurance Limited	Thu, May 23, 2024	₹272	₹306	12.50%	297.35	9.32%
Stanley Lifestyles Limited	Fri, Jun 28, 2024	₹369	₹474.75	28.66%	396.85	7.55%
Concord Enviro Systems Limited	Fri, Dec 27, 2024	₹701	₹827.1	17.99%	743.65	6.08%
Niva Bupa Health Insurance Company Limited	Thu, Nov 14, 2024	₹74	₹74	0%	77.95	5.34%
Vraj Iron and Steel Limited	Wed, Jul 3, 2024	₹207	₹252	21.74%	211.75	2.29%
Ola Electric Mobility Limited	Fri, Aug 9, 2024	₹76	₹91.2	20%	75.65	-0.46%
Jana Small Finance Bank Limited	Wed, Feb 14, 2024	₹414	₹368.15	-11.07%	403.8	-2.46%
Krystal Integrated Services Limited	Thu, Mar 21, 2024	₹715	₹712.85	-0.30%	687.9	-3.79%
GPT Healthcare Limited	Thu, Feb 29, 2024	₹186	₹200.7	7.90%	177.7	-4.46%
Juniper Hotels Limited	Wed, Feb 28, 2024	₹360	₹401.5	11.53%	331.45	-7.93%
Hyundai Motor India Limited	Tue, Oct 22, 2024	₹1960	₹1819.6	-7.16%	1784.6	-8.95%
Akums Drugs and Pharmaceuticals Limited	Tue, Aug 6, 2024	₹679	₹796.25	17.27%	618	-8.98%
Deepak Builders & Engineers India Limited	Mon, Oct 28, 2024	₹203	₹161.95	-20.22%	183.7	-9.51%
R K SWAMY Limited	Tue, Mar 12, 2024	₹288	₹262.6	-8.82%	259.95	-9.74%
Tolins Tyres Limited	Mon, Sep 16, 2024	₹226	₹239.4	5.93%	200.75	-11.17%
Carraro India Limited	Mon, Dec 30, 2024	₹704	₹636.2	-9.63%	621.4	-11.73%
Gopal Snacks Limited	Thu, Mar 14, 2024	₹401	₹362.7	-9.55%	352.8	-12.02%
Kross Limited	Mon, Sep 16, 2024	₹240	₹259.81	8.25%	203.95	-15.02%
Northern Arc Capital Limited	Tue, Sep 24, 2024	₹263	₹323.4	22.97%	220.7	-16.08%
Suraksha Diagnostic Limited	Fri, Dec 6, 2024	₹441	₹441	0%	363.85	-17.49%
Shree Tirupati Balajee Agro Trading Company Limited	Thu, Sep 12, 2024	₹83	₹94.5	13.86%	68.45	-17.53%
Ceigall India Limited	Thu, Aug 8, 2024	₹401	₹386.75	-3.55%	330.65	-17.54%
ACME Solar Holdings Limited	Wed, Nov 13, 2024	₹289	₹253.15	-12.40%	238.1	-17.61%
Godavari Biorefineries Limited	Wed, Oct 30, 2024	₹352	₹343.2	-2.50%	288.6	-18.01%
Baazar Style Retail Limited	Fri, Sep 6, 2024	₹389	₹400	2.83%	317.4	-18.41%
ECOS (India) Mobility & Hospitality Limited	Wed, Sep 4, 2024	₹334	₹443.15	32.68%	263.15	-21.21%
Saraswati Saree Depot Limited	Tue, Aug 20, 2024	₹160	₹203.7	27.31%	124	-22.50%
Vodafone Idea Limited	Thu, Apr 25, 2024	₹11	₹13.9	26.36%	7.93	-27.91%
Capital Small Finance Bank Limited	Wed, Feb 14, 2024	₹468	₹435	-7.05%	308.1	-34.17%
Western Carriers (India) Limited	Tue, Sep 24, 2024	₹172	₹159.44	-7.30%	112.75	-34.45%
Akme Fintrade India Ltd	Wed, Jun 26, 2024	₹120	₹133.35	11.12%	76.86	-35.95%
Popular Vehicles & Services Limited	Tue, Mar 19, 2024	₹295	₹276.15	-6.39%	157.1	-46.75%

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The post Mainboard IPO Performance in India – 2024 first appeared on Navia Blog.

IPO performance 2023

Navia Markets — Wed, 11 Dec 2024 11:02:41 +0000

In 2023 there were about 60 Main board IPO’s. 4 out of 5 IPO returned a listing day gain. That’s a 80% win rate.

In 2023, the Indian stock market witnessed a dynamic IPO landscape, with varying numbers of companies going public each month. Below is a month-wise breakdown of the number of IPOs listed:

Month-2023	Number of IPO
January	2
February	5
March	4
April	2
May	1
June	1
July	6
August	5
September	8
October	6
November	7
December	13

This data indicates a significant surge in IPO activity during the latter part of the year, particularly in December, which saw the highest number of listings.

Mainboard IPO By Year 2011 – 2024

Number of Positive and Negative IPOs

Listing Day Performance:

Positive IPOs: 49

Negative IPOs: 11

Current Market Performance (as of Nov 25, 2024):

Positive IPOs: 43

Negative IPOs: 17

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Top 3 IPOs by Listing Day Performance

Top 3 IPOs by Current Market Gains

Performance of IPO’s listed in Year 2013

Company Name	Listed Date	Issue Price	Listing Day Close	Listing Gain (%)	Current Price	Gain as of 25 Nov 2024 (%)
Innova Captab Limited	December 29, 2023	448	545	22	1004	124
Azad Engineering Limited	December 28, 2023	524	677	29	1756	235
Happy Forgings Limited	December 27, 2023	850	1030	21	1084	28
Credo Brands Marketing Limited	December 27, 2023	280	313	12	168	-40
RBZ Jewellers Limited	December 27, 2023	100	105	5	180	80
Muthoot Microfin Limited	December 26, 2023	291	266	-9	187	-36
Suraj Estate Developers Limited	December 26, 2023	360	334	-7	618	72
Motisons Jewellers Limited	December 26, 2023	55	101	84	29	-48
Inox India Limited	December 21, 2023	660	940	42	1130	71
DOMS Industries Limited	December 20, 2023	790	1331	68	3071	289
India Shelter Finance Corporation Limited	December 20, 2023	493	544	10	659	34
Flair Writing Industries Limited	December 1, 2023	304	453	49	279	-8
Tata Technologies Limited	November 30, 2023	500	1314	163	944	89
Fedbank Financial Services Limited	November 30, 2023	140	140	0	94	-33
Gandhar Oil Refinery (India) Limited	November 30, 2023	169	302	78	207	23
Indian Renewable Energy Development Agency Ltd	November 29, 2023	32	60	87	190	494
ASK Automotive Limited	November 15, 2023	282	310	10	447	59
Protean eGov Technologies Limited	November 13, 2023	792	883	11	1739	120
ESAF Small Finance Bank Limited	November 10, 2023	60	69	15	39	-34
Honasa Consumer Limited	November 7, 2023	324	337	4	227	-30
Cello World Limited	November 6, 2023	648	792	22	751	16
Blue Jet Healthcare Limited	November 1, 2023	346	396	14	528	53
IRM Energy Limited	October 26, 2023	505	473	-6	364	-28
Plaza Wires Limited	October 12, 2023	54	80	49	73	35
Valiant Laboratories Limited	October 6, 2023	140	169	21	113	-19
Updater Services Limited	October 4, 2023	300	284	-5	406	35
Manoj Vaibhav Gems ‘N’ Jewellers Limited	October 3, 2023	215	216	0	226	5
JSW Infrastructure Limited	October 3, 2023	119	157	32	304	156
Yatra Online Limited	September 28, 2023	142	136	-4	106	-25
Signatureglobal (India) Limited	September 27, 2023	385	458	19	1328	245
Sai Silks (Kalamandir) Limited	September 27, 2023	222	245	10	161	-28
Zaggle Prepaid Ocean Services Limited	September 22, 2023	164	158	-3	469	186
SAMHI Hotels Limited	September 22, 2023	126	144	14	185	47
EMS Limited	September 21, 2023	211	280	33	749	255
R R Kabel Limited	September 20, 2023	1035	1197	16	1463	41
Jupiter Life Line Hospitals Limited	September 18, 2023	735	1075	46	1541	110
Ratnaveer Precision Engineering Limited	September 11, 2023	98	134	37	261	166
Rishabh Instruments Limited	September 11, 2023	441	443	0	328	-26
Vishnu Prakash R Punglia Limited	September 5, 2023	99	146	47	274	176
Aeroflex Industries Limited	August 31, 2023	108	163	51	184	70
Pyramid Technoplast Limited	August 29, 2023	166	176	6	194	17
TVS Supply Chain Solutions Limited	August 23, 2023	197	201	2	178	-10
Concord Biotech Limited	August 18, 2023	741	942	27	2061	178
SBFC Finance Limited	August 16, 2023	57	92	62	88	54
Yatharth Hospital and Trauma Care Services Limited	August 7, 2023	300	300	0	606	102
Netweb Technologies India Limited	July 27, 2023	500	911	82	2875	475
Utkarsh Small Finance Bank Limited	July 21, 2023	25	48	92	36	45
Senco Gold Limited	July 14, 2023	317	405	28	1162	267
Cyient DLM Limited	July 10, 2023	265	421	59	632	138
ideaForge Technology Limited	July 7, 2023	672	1296	93	573	-15
HMA Agro Industries Limited	July 4, 2023	585	585	0	43	-93
IKIO Lighting Limited	June 16, 2023	285	404	42	258	-9
Nexus Select Trust	May 19, 2023	100	104	4	145	45
Mankind Pharma Limited	May 9, 2023	1080	1424	32	2612	142
Avalon Technologies Limited	April 18, 2023	436	397	-9	874	100
Udayshivakumar Infra Limited	April 3, 2023	35	32	-10	49	39
Global Surfaces Limited	March 23, 2023	140	171	22	177	26
Divgi TorqTransfer Systems Limited	March 14, 2023	590	605	3	635	8
Sah Polymers Limited	January 12, 2023	65	89	37	94	44
Radiant Cash Management Services Limited	January 4, 2023	94	105	11	74	-22

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The post IPO performance 2023 first appeared on Navia Blog.

SME IPO Performance Summary for 2023

Navia Markets — Thu, 05 Dec 2024 12:27:25 +0000

This analysis highlights the strong performance of select SME IPOs in 2023, with some achieving extraordinary gains both on listing day and over time. The hit rate of listing gains is 86% (5 out of every 6 IPO returned profit on listing) and hit rate of profit as on November 25, 2024 is 72% (4 out of 5 retuned profit after listing also)

In 2023, India’s SME IPO landscape was notably diverse, with several sectors leading in the number of listings.

Total Number of SME IPOs in 2023 – 179

● Positive Listing Day Performance: 148

● Negative Listing Day Performance: 31

● Positive Performance as of Nov 25, 2024: 129

● Negative Performance as of Nov 25, 2024: 50

Gowth of SME IPO’s from 2011 – 2024

SME IPO per Year 2011-2024Fy Year	Issue Size in Cr	Number of IPOs
2024	₹ 6535.79 Cr	171
2023	₹ 6123.55 Cr	179
2022	₹ 2371.36 Cr	126
2021	₹ 913.96 Cr	67
2020	₹ 272.80 Cr	29
2019	₹ 470.92 Cr	47
2018	₹ 1620.08 Cr	106
2017	₹ 2225.33 Cr	155
2016	₹ 834.08 Cr	81
2015	₹ 310.52 Cr	50
2014	₹ 249.74 Cr	38
2013	₹ 285.68 Cr	37
2012	₹ 207.75 Cr	24
2011	₹ 7.25 Cr	1

1. Record Listings

The year 2023 saw a significant number of SME IPOs across various sectors, driven by favorable market conditions and the need for businesses to expand and modernize.

Dominant sectors included Capital Goods, FMCG, IT, Healthcare, and Industrial Products.

2. High Subscription Rates

Many SME IPOs were oversubscribed, with some receiving overwhelming demand from investors.

Sectors such as IT and Healthcare attracted strong interest due to their growth potential and market relevance.

3. Robust Listing Gains

A large percentage of SME IPOs delivered positive listing gains, indicating strong initial demand. Examples of high performers include:

Trident Techlabs Limited: Listing gain of 194.43%.

Goyal Salt Limited: Listing gain of 258.16%.

Sungarner Energies Limited: Listing gain of 216.08%.

4. Exceptional Post-Listing Market Gains

Certain IPOs continued to perform exceptionally well post-listing, delivering multi-fold returns. Notable examples:

Trident Techlabs Limited: Current gain of 2862.86%.

RBM Infracon Limited: Current gain of 2240.14%.

Oriana Power Limited: Current gain of 1843.47%.

5. Market Volatility

While many SME IPOs delivered stellar returns, a few underperformed, reflecting the inherent risk associated with SME investments.

Sectors with cyclical demand or weaker fundamentals showed more volatility.

6. Regulatory Changes

The Securities and Exchange Board of India (SEBI) introduced stricter regulations to protect investors and ensure quality listings, such as:

➝ Minimum IPO issue size of over ₹10 crore.

➝ Higher application thresholds for investors.

These changes aim to balance growth with investor protection.

7. Regional and Sectoral Growth

SME IPOs in 2023 showcased geographical diversity, with companies from various states listing on exchanges.

Sectoral leaders, such as Capital Goods and FMCG, highlighted the resilience of traditional industries alongside the growth of modern sectors like IT.

Insights for Investors

Opportunities: High returns on certain IPOs indicate that the SME market can be lucrative with careful selection.

Risks: Volatility and potential underperformance in some IPOs emphasize the need for thorough research.

Strategy: Diversifying investments and focusing on fundamentally strong companies can help mitigate risks.

The SME IPO market in 2023 reflected the dynamic growth of India’s small and medium enterprises, signaling their rising contribution to the economy. The market’s strong performance and evolving regulatory framework make it a promising space for both companies and investors.

Top 3 IPOs by Listing Day Performance – As of 25 Nov 2024

Top 3 IPOs by Current Market Gains – As of 25 Nov 2024

Performance of all SME IPO’s listed in 2023

Company Name	Listed On– 2023	Issue Price	Listing Day Close	Listing Gain (%)	Current Price	Gain as of 25 Nov 2024 (%)
Trident Techlabs Limited	29-Dec-23	35	103	194	1037	2863
Indifra Limited	29-Dec-23	65	68	5	30	-55
Supreme Power Equipment Limited	29-Dec-23	65	103	58	218	236
Shanti Spintex Limited	27-Dec-23	70	80	14	63	-9
Electro Force (India) Limited	27-Dec-23	93	105	13	59	-36
Sahara Maritime Limited	26-Dec-23	81	81	0	52	-36
Siyaram Recycling Industries Limited	21-Dec-23	46	58	26	161	250
Shree OSFM E-Mobility Limited	21-Dec-23	65	68	5	140	115
Benchmark Computer Solutions Limited	21-Dec-23	66	77	17	48	-27
S J Logistics (India) Limited	19-Dec-23	125	184	47	647	418
Presstonic Engineering Limited	18-Dec-23	72	147	104	99	38
Accent Microcell Limited	15-Dec-23	140	315	125	243	73
Graphisads Limited	13-Dec-23	111	106	-5	70	-37
Sheetal Universal Limited	11-Dec-23	70	75	8	62	-11
Marinetrans India Limited	08-Dec-23	26	31	19	22	-17
Net Avenue Technologies Limited	08-Dec-23	18	40	122	14	-20
AMIC Forging Limited	06-Dec-23	126	251	99	1249	891
Deepak Chemtex Limited	06-Dec-23	80	160	99	120	50
Swashthik Plascon Limited	05-Dec-23	86	126	47	73	-15
Rockingdeals Circular Economy Limited	30-Nov-23	140	315	125	528	277
Arrowhead Seperation Engineering Limited	28-Nov-23	233	238	2	145	-38
Sunrest Lifescience Limited	20-Nov-23	84	80	-5	54	-36
Kalyani Cast Tech Ltd	17-Nov-23	139	277	99	450	224
ROX Hi-Tech Limited	16-Nov-23	83	142	71	104	25
Baba Food Processing India Limited	15-Nov-23	76	72	-5	54	-30
Micropro Software Solutions Limited	10-Nov-23	81	76	-6	35	-56
SAR Televenture Limited	08-Nov-23	55	110	100	321	484
Mish Designs Limited	07-Nov-23	122	152	25	151	24
Maitreya Medicare Limited	07-Nov-23	82	154	88	340	315
Transteel Seating Technologies Limited	06-Nov-23	70	93	33	44	-37
Vrundavan Plantation Limited	06-Nov-23	108	102	-6	48	-55
KK Shah Hospitals Limited	06-Nov-23	45	59	31	45	0
Shanthala FMCG Products Limited	03-Nov-23	91	104	14	39	-57
Paragon Fine And Speciality Chemicals Limited	03-Nov-23	100	214	114	107	7
On Door Concepts Limited	01-Nov-23	208	203	-2	365	76
Rajgor Castor Derivatives Limited	31-Oct-23	50	61	22	24	-52
WomanCart Limited	27-Oct-23	86	123	43	256	197
Arvind and Company Shipping Agencies Limited	25-Oct-23	45	80	78	87	93
Committed Cargo Care Limited	18-Oct-23	77	86	12	50	-35
Plada Infotech Services Limited	13-Oct-23	48	56	17	33	-31
Karnika Industries Limited	12-Oct-23	76	83	9	293	286
Sharp Chucks And Machines Limited	12-Oct-23	58	65	12	131	126
Vivaa Tradecom Limited	12-Oct-23	51	43	-17	42	-19
Canarys Automations Limited	11-Oct-23	31	41	33	34	10
Sunita Tools Limited	11-Oct-23	145	147	2	582	301
Goyal Salt Limited	11-Oct-23	38	136	258	203	434
Oneclick Logistics India Limited	11-Oct-23	99	133	34	100	1
Vishnusurya Projects and Infra Limited	10-Oct-23	68	77	13	269	296
City Crops Agro Limited	10-Oct-23	25	25	2	27	6
Kontor Space Limited	10-Oct-23	93	116	25	123	33
E Factor Experiences Limited	09-Oct-23	75	121	61	273	264
Arabian Petroleum Limited	09-Oct-23	70	76	9	89	27
Vinyas Innovative Technologies Limited	06-Oct-23	165	347	110	770	367
Organic Recycling Systems Limited	06-Oct-23	200	226	13	289	45
Inspire Films Limited	05-Oct-23	59	68	15	26	-56
Newjaisa Technologies Limited	05-Oct-23	47	71	51	85	81
Mangalam Alloys Limited	04-Oct-23	80	76	-5	38	-53
Digikore Studios Limited	04-Oct-23	171	284	66	278	63
Saakshi Medtech and Panels Limited	03-Oct-23	97	153	58	181	86
Master Components Limited	29-Sep-23	140	140	0	274	96
Marco Cables & Conductors Limited	28-Sep-23	36	41	13	68	88
Cellecor Gadgets Limited	28-Sep-23	92	97	5	56	-39
Hi-Green Carbon Limited	28-Sep-23	75	81	8	264	252
Techknowgreen Solutions Limited	27-Sep-23	86	91	6	248	189
Kody Technolab Limited	27-Sep-23	160	179	12	2853	1683
Madhusudan Masala Limited	26-Sep-23	70	114	63	193	176
Kundan Edifice Limited	26-Sep-23	91	79	-13	157	72
Holmarc Opto-Mechatronics Limited	25-Sep-23	40	69	71	171	327
Chavda Infra Limited	25-Sep-23	65	86	33	145	124
Unihealth Consultancy Limited	21-Sep-23	132	133	1	146	11
Meson Valves India Limited	21-Sep-23	102	203	99	528	418
Jiwanram Sheoduttrai Industries Limited	18-Sep-23	23	29	24	15	-34
Kahan Packaging Limited	15-Sep-23	80	160	99	73	-9
Saroja Pharma Industries India Limited	13-Sep-23	84	68	-19	53	-37
Pramara Promotions Limited	13-Sep-23	63	117	85	138	120
Basilic Fly Studio Limited	11-Sep-23	97	285	193	296	205
Mono Pharmacare Limited	07-Sep-23	28	30	9	34	21
C P S Shapers Limited	07-Sep-23	185	473	155	457	147
Sahaj Fashions Limited	06-Sep-23	30	30	1	14	-53
Sungarner Energies Limited	31-Aug-23	83	262	216	520	527
Bondada Engineering Limited	30-Aug-23	75	150	99	604	706
Crop Life Science Limited	30-Aug-23	52	53	2	46	-12
Shoora Designs Limited	29-Aug-23	48	96	100	85	76
Shelter Pharma Limited	23-Aug-23	42	42	0	53	26
Srivari Spices and Foods Limited	18-Aug-23	42	107	154	220	424
Sangani Hospitals Limited	17-Aug-23	40	42	5	71	77
Yudiz Solutions Limited	17-Aug-23	165	181	10	77	-53
Vinsys IT Services Limited	11-Aug-23	128	218	70	364	185
Oriana Power Limited	11-Aug-23	118	317	169	2293	1843
Zeal Global Services Limited	09-Aug-23	103	170	65	193	87
Khazanchi Jewellers Limited	07-Aug-23	140	149	7	621	344
Innovatus Entertainment Networks Limited	04-Aug-23	50	47	-7	28	-44
Shri Techtex Limited	04-Aug-23	61	85	40	58	-5
Yasons Chemex Care Limited	03-Aug-23	40	34	-16	21	-48
Service Care Limited	26-Jul-23	67	68	1	82	22
Asarfi Hospital Limited	26-Jul-23	52	104	99	83	60
Drone Destination Limited	21-Jul-23	65	102	57	191	194
Ahasolar Technologies Limited	21-Jul-23	157	213	36	225	43
AccelerateBS India Limited	19-Jul-23	90	115	28	170	89
Kaka Industries Limited	19-Jul-23	58	116	99	263	353
Alphalogic Industries Limited	14-Jul-23	96	96	0	243	153
Tridhya Tech Limited	13-Jul-23	42	44	5	43	3
Synoptics Technologies Limited	13-Jul-23	237	226	-5	122	-49
Global Pet Industries Limited	10-Jul-23	49	53	8	118	141
Pentagon Rubber Limited	07-Jul-23	70	124	76	84	20
Greenchef Appliances Limited	06-Jul-23	87	109	26	72	-17
Magson Retail And Distribution Limited	06-Jul-23	65	96	47	92	41
Essen Speciality Films Limited	06-Jul-23	107	147	37	734	586
Veefin Solutions Limited	05-Jul-23	82	90	10	568	593
Aatmaj Healthcare Limited	30-Jun-23	60	53	-11	25	-59
Vilin Bio Med Limited	30-Jun-23	30	29	-5	21	-29
Cosmic CRF Limited	30-Jun-23	314	239	-24	1445	360
Cell Point (India) Limited	28-Jun-23	100	95	-5	29	-71
Bizotic Commercial Limited	23-Jun-23	175	171	-2	100	-43
Urban Enviro Waste Management Limited	22-Jun-23	100	148	48	472	372
Spectrum Talent Management Limited	22-Jun-23	173	147	-15	212	22
Sonalis Consumer Products Limited	19-Jun-23	30	40	33	80	167
Kore Digital Limited	14-Jun-23	180	191	6	1912	962
Comrade Appliances Limited	13-Jun-23	54	91	69	104	92
Sahana System Limited	12-Jun-23	135	171	27	1505	1015
CFF Fluid Control Limited	12-Jun-23	165	184	11	613	272
Infollion Research Services Limited	08-Jun-23	82	199	142	427	421
Proventus Agrocom Limited	05-Jun-23	771	862	12	1570	104
Hemant Surgical Industries Limited	05-Jun-23	90	180	100	137	53
Vasa Denticity Limited	02-Jun-23	128	222	73	620	385
Crayons Advertising Limited	02-Jun-23	65	95	45	100	53
Remus Pharmaceuticals Limited	29-May-23	1229	1797	46	2425	97
Krishca Strapping Solutions Limited	26-May-23	54	113	109	271	403
Auro Impex & Chemicals Limited	23-May-23	78	76	-3	73	-6
Innokaiz India Limited	11-May-23	78	156	100	40	-48
De Neers Tools Limited	11-May-23	101	181	79	326	223
Retina Paints Limited	03-May-23	30	31	2	70	134
Quicktouch Technologies Limited	02-May-23	61	61	0	118	93
A G Universal Limited	24-Apr-23	60	60	0	58	-3
Pattech Fitwell Tube Components Limited	21-Apr-23	50	58	15	127	153
Sancode Technologies Limited	18-Apr-23	47	61	29	64	36
MOS Utility Limited	18-Apr-23	76	95	24	284	273
Infinium Pharmachem Limited	17-Apr-23	135	148	9	333	147
Exhicon Events Media Solutions Limited	17-Apr-23	64	67	5	246	284
Sotac Pharmaceuticals Limited	13-Apr-23	111	121	9	117	6
Maiden Forgings Limited	06-Apr-23	63	60	-5	78	24
Command Polymers Limited	29-Mar-23	28	27	-5	29	3
Dev Labtech Venture Limited	29-Mar-23	51	50	-2	79	54
Nirman Agri Genetics Limited	28-Mar-23	99	101	2	403	307
Bright Outdoor Media Limited	24-Mar-23	146	158	8	455	212
Quality Foils (India) Limited	24-Mar-23	60	98	63	90	50
Labelkraft Technologies Limited	23-Mar-23	55	56	1	73	33
Sudarshan Pharma Industries Ltd	22-Mar-23	73	69	-5	43	-41
VELS Film International Limited	22-Mar-23	99	103	4	40	-59
MCON Rasayan India Limited	20-Mar-23	40	50	26	153	282
Prospect Commodities Limited	20-Mar-23	61	61	1	107	76
Vertexplus Technologies Limited	15-Mar-23	96	106	10	105	9
Systango Technologies Limited	15-Mar-23	90	103	14	202	124
ITCONS E-Solutions Limited	13-Mar-23	51	49	-3	600	1076
ResGen Limited	13-Mar-23	47	47	-1	116	148
Amanaya Ventures Limited	09-Mar-23	23	19	-17	15	-34
Srivasavi Adhesive Tapes Limited	09-Mar-23	41	42	2	110	168
SVJ Enterprises Limited	09-Mar-23	36	36	0	151	319
Patron Exim Limited	06-Mar-23	27	27	0	8	-71
Macfos Limited	01-Mar-23	102	175	71	1116	994
Viaz Tyres Limited	01-Mar-23	62	68	10	63	1
Sealmatic India Limited	01-Mar-23	225	236	5	546	143
Agarwal Float Glass India Limited	23-Feb-23	42	44	5	89	112
Lead Reclaim and Rubber Products Limited	21-Feb-23	25	28	11	89	254
Indong Tea Company Limited	21-Feb-23	26	22	-16	25	-4
Shera Energy Limited	17-Feb-23	57	67	18	216	279
Earthstahl & Alloys Limited	08-Feb-23	40	58	44	41	3
Gayatri Rubbers and Chemicals Limited	07-Feb-23	30	37	23	463	1443
Transvoy Logistics India Limited	02-Feb-23	71	75	5	214	202
DHARNI Capital Services Limited	31-Jan-23	20	20	1	45	126
Aristo Bio-Tech and Lifescience Limited	30-Jan-23	72	84	17	148	106
Ducol Organics And Colours Limited	19-Jan-23	78	118	51	118	51
Eastern Logica Infoway Limited	17-Jan-23	225	284	26	220	-2
Chaman Metallics Limited	16-Jan-23	38	65	70	108	183
SVS Ventures Limited	12-Jan-23	20	22	8	12	-41
Rex Sealing and Packing Industries Limited	12-Jan-23	135	144	7	223	65
Anlon Technology Solutions Limited	10-Jan-23	100	264	164	351	251
RBM Infracon Limited	04-Jan-23	36	55	53	842	2240
Homesfy Realty Limited	02-Jan-23	197	288	46	505	156

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SME IPO Allotment Process: A Simple Guide with Examples

Navia Markets — Wed, 30 Oct 2024 10:33:42 +0000

The SME IPO allotment process follows specific guidelines and involves several key steps to ensure a fair allocation of shares to investors. Understanding this process is crucial for anyone interested in investing in an SME IPO. This article will break down the process for both retail and non-retail investors and provide examples to clarify how shares are allocated.

What is the SME IPO Allotment Process?

When an SME company issues an Initial Public Offering (IPO), the allotment of shares is done based on a document called the Basis of Allotment (BOA). This document, prepared by the IPO registrar, provides details on how shares will be distributed among different categories of investors, including Retail Individual Investors (RIIs) and Non-Institutional Investors (NIIs).

For an SME IPO to be successfully listed on the SME exchange, a minimum of 50 applicants is required. The process of allotment begins after the closure of the IPO and follows the rules set by SEBI.

Step-by-Step SME IPO Allotment Process

1. Minimum Allotment Requirement:

According to SEBI guidelines, each applicant must receive at least one trading lot. For example, if an SME company issues 50,00,000 shares, and the lot size is 2000 shares, the maximum number of allottees who will receive one lot is:

● 50,00,000 shares / 2000 shares per lot = 2500 applicants.

Therefore, 2500 investors will be allotted at least one lot each.

2. Retail Individual Investors (RII) Allotment:

Retail investors who bid for shares worth up to ₹2 lakhs fall under this category. If the total number of applications exceeds the shares available for RIIs, the allotment is done through a lottery system.

Example:
Suppose a company has 20 lakh shares available for the retail segment, and the minimum lot size is 10,000 shares. The maximum number of retail allottees would be:

● 20,00,000 / 10,000 = 200 applicants.

If 250 retail investors apply for shares, only 200 applicants will be allotted shares, selected through a computerized lottery. The remaining 50 applicants will not receive any allotment.

Scenario	Shares Offered (Retail)	Lot Size	Applications Received	Allotted Through Lottery
Oversubscription Example	20,00,000	10,000	250	200

3. Non-Retail Investors (NII and QIB) Allotment:

Investors in this category include Non-Institutional Investors (NIIs) and Qualified Institutional Buyers (QIBs) who bid for amounts greater than ₹2 lakhs. In case of oversubscription, the allotment is done on a proportionate basis.

Example:
If an NII applies for 10 lakh shares, and the NII category is oversubscribed by 10 times, the investor will be allotted:

● 10 lakh shares / 10 = 1 lakh shares.

Category	Shares Applied	Oversubscription	Shares Allotted
Non-Institutional Investor	10 lakh	10x	1 lakh
Qualified Institutional Buyer	15 lakh	5x	3 lakh

What Happens When the IPO is Oversubscribed?

When an IPO receives more applications than the shares available, the following occurs:

● Retail Investors: The maximum number of retail investors who can be allotted shares is calculated by dividing the total shares available by the minimum bid lot. If the number of applications exceeds this, the allotment is done via a lottery system, where successful applicants are chosen randomly.

● Non-Retail Investors: The allotment for non-retail investors is done proportionally. If an investor applies for shares that are 10 times oversubscribed, they will receive 1/10th of the shares they applied for.

Why Might You Not Get an Allotment?

There are a few common reasons why an investor may not receive an allotment in an SME IPO:

Oversubscription:
If the IPO is heavily oversubscribed, only a limited number of investors will receive shares. In such cases, allotment is done through a lottery, and some investors may not receive any shares.

Incorrect Application Details:
If your application has any incorrect details, such as incorrect PAN or Demat account information, your application may be rejected.

Non-Allotment Due to Lot System:
The SME IPO allotment process follows a lot system. If the total number of valid applications exceeds the available shares, you may not receive allotment due to the random nature of the lottery system.

SME IPO Allotment Status

Once the IPO issue closes, the registrar announces the allotment of shares. Investors can check their allotment status online by visiting the registrar’s website and entering details such as:

● Company name

● PAN number

● IPO application number

This allows investors to easily track whether they have been allotted shares or not.

Conclusion

The SME IPO allotment process, while similar to the mainboard IPO process, has its own unique aspects, especially in the way it allocates shares to retail and non-retail investors. Whether through the lottery system for retail investors or the proportionate basis for non-retail investors, the allotment process is designed to ensure fairness and transparency.

By understanding this process, investors can better prepare for SME IPOs and manage their expectations when applying for shares.

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Understanding IPO Allotment and listing Process: A Comprehensive Guide

Navia Markets — Mon, 28 Oct 2024 05:54:39 +0000

When a company goes public, it raises capital by selling shares to the general public through an Initial Public Offering (IPO). However, the allocation of these shares is crucial, especially when the demand exceeds the supply. This is where the IPO allotment process comes into play.

In this blog, we’ll explore how the IPO allotment process works, the different rules for allotment based on investor categories, and share examples to make it easier to understand.

Key Players in IPO Allotment

Issuer Company: The company issuing shares.

Registrar to the Issue: The firm responsible for managing the allotment process.

Stock Exchange: Acts as an intermediary in the IPO process.

Investors: Individuals and institutional investors applying for shares.

IPO Allotment by Investor Categories

1. Retail Individual Investors (RII)

Retail investors are usually allotted shares in “lots.” A lot refers to a group of shares, and each retail investor is entitled to at least one lot if their application is valid.

Example: A company offers 5 lakh shares to retail investors, with each lot size being 100 shares. This means the maximum number of retail investors who can be allotted shares is 5000 (5,00,000 / 100).

Oversubscription Scenario: If more applications are received than the available shares, the allotment is done via a lottery system, where each winning applicant is allotted one lot.

Retail Investor Allotment Example	Number of Shares	Lot Size	Number of Retail Applicants	Allotment Process
Total shares available	5,00,000	100	4500	Full allotment (100 shares each)
Total shares available	5,00,000	100	10000	Lottery system for oversubscription
Total shares available	5,00,000	100	5500	Proportionate allotment after one lot each

2. Non-Institutional Investors (NII)

Non-Institutional Investors are categorized into Small NII (investment between ₹2-10 lakhs) and Big NII (investment above ₹10 lakhs). Shares reserved for NII are split into 1/3rd for Small NII and 2/3rd for Big NII.

Small NII: Investors with applications between ₹2-10 lakhs.

Big NII: Investors with applications above ₹10 lakhs.

If the NII category is oversubscribed, the allotment happens proportionally based on the number of shares applied for.

NII Allotment Example	Category	Reservation	Total Shares Available
Small NII	₹2-10 lakhs	1/3^rd of the reservation for NII category	Proportionate allotment based on demand
Big NII	Above ₹10 lakhs	2/3^rd of the reservation for NII category	Proportionate allotment based on demand

Small NII and Big NII Allotment Process

Proportionate Basis Example: Suppose a Big NII applies for 20,000 shares, and the total available for Big NII is only 10,000 shares. The investor will receive half the shares they applied for, i.e., 10,000 shares.

The allocation between Small NII and Big NII is made separately, but both categories follow a proportionate allocation method when oversubscribed.

Small NII vs Big NII Example	Total Shares Applied	Over Subscription	Shares Allotted	Allotment Process
Small NII	25,000	1.66X	15,000	Proportionate to the application size
Big NII	40,000	2X	20,000	Proportionate to the application size

3. Qualified Institutional Buyers (QIB)

The QIB category includes mutual funds, financial institutions, and other large entities. In the event of oversubscription, shares are allotted on a proportionate basis.

Example: If a QIB applies for 1,00,000 shares and the total available is only 50,000 shares, the QIB will receive half the number of shares they applied for, i.e., 50,000 shares.

IPO Allotment Process Steps

The IPO allotment process typically follows these steps:

1. Receiving and Validating Applications:
The registrar receives all applications and checks for any errors. Invalid applications are rejected.

2. Grouping Applications by Category:
Applications are grouped based on investor categories, i.e., RII, NII, QIB, etc.

3. Finalizing Basis of Allotment:
The registrar, in consultation with the stock exchange, finalizes the Basis of Allotment and proceeds with share distribution.

4. Communicating Allotment Status:
Investors receive email/SMS notifications about their allotment status.

5. Share Credit and Refunds:
Successful investors receive shares in their Demat accounts, while others get refunds by unblocking their UPI block mandates.

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Example to Illustrate Allotment in Different Categories

Let’s consider an IPO where 50 lakh shares are offered and divided among different categories:

Retail Investors (RII): 35% of the issue, i.e., 17.5 lakh shares.

Non-Institutional Investors (NII): 15% of the issue, i.e., 7.5 lakh shares.

Qualified Institutional Buyers (QIB): 50% of the issue, i.e., 25 lakh shares.

Retail Investor Example

Category	Shares Offered	Applications Received	Allotment Process
Retail (RII)	17.5 lakh	50 lakh	Lottery system due to oversubscription
Non-Institutional (NII)	7.5 lakh	10 lakh	Proportionate based on demand
Qualified Investors (QIB)	25 lakh	22 lakh	Full allotment as demand is lower than the offer

In the above example, retail investors will be allotted shares via a lottery system, and NIIs will receive shares based on the proportion of shares they applied for compared to the available shares.

Tips to Improve Your IPO Allotment Chances

Apply in Multiple Accounts:
Applying through multiple Demat accounts (family members) increases your chances.

Ensure Correct Application Details:
Double-check your PAN, bank, and Demat details to avoid technical rejections.

Apply for Minimum Lots:
Retail investors should apply for one lot to increase the likelihood of allotment in oversubscribed IPOs.

IPO Listing Timelines (T+3)

Step	Action	Timeline
T (IPO Subscription Closes)	IPO application process ends. Investors can no longer submit bids.	Day 0 (End of Subscription)
T+1 (Allotment Finalization)	The company and registrar finalize the Basis of Allotment by 6 PM.	T+1 Day
T+2 (Refund/Unblocking)	Refunds are processed for unsuccessful applicants; ASBA amounts are unblocked.	T+2 Day
T+3 (Listing on Stock Exchange)	The IPO shares are listed, and trading begins on the stock exchanges (NSE, BSE).	T+3 Day

Breakdown of the New IPO Timeline

1. Day 0 (T) – IPO Subscription Period Closes:
Once the IPO subscription window closes, no further applications are accepted. The registrar begins verifying the bids.

2. Day 1 (T+1) – Finalization of Allotment:
The registrar, in coordination with the stock exchanges, finalizes the Basis of Allotment (BOA). This includes the verification of applications, validation of successful bids, and determination of the allocation based on demand. The allotment process is finalized by 6 PM on T+1 day.

3. Day 2 (T+2) – Refund or ASBA Unblocking:
Refunds are initiated for investors who did not receive any allotment. If the application was made through ASBA (Application Supported by Blocked Amount), the amount is unblocked from the investor’s bank account. Investors whose bids were unsuccessful will have the full amount refunded.

4. Day 3 (T+3) – Listing of Shares on Stock Exchanges:
The IPO shares are credited to the Demat accounts of successful allottees. Trading of the shares begins on the stock exchanges (NSE, BSE) on T+3 day. The listing price will be determined based on market demand and supply.

Example of the New Timeline

Assume an IPO closes on October 10th (Day 0). The new timeline would look like this:

Event	Date
IPO Subscription Closes	October 10th
Allotment Finalization (T+1)	October 11th (by 6 PM)
Refunds/Unblocking of Funds (T+2)	October 12th
Listing on Stock Exchanges (T+3)	October 13th

Advantages of the T+3 IPO Listing Process

-> Faster Refunds and Share Allotments:
The T+3 process ensures that refunds are processed quicker and shares are credited to investors’ Demat accounts in a shorter time frame, enhancing liquidity.

-> Quicker Listing:
The T+3 listing timeline allows the shares to be traded sooner, providing early liquidity to both investors and companies.

-> Improved Investor Experience:
The shorter IPO process minimizes the waiting time for investors to find out their allotment status and start trading the shares.

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Conclusion

Understanding the IPO allotment and listing process is essential for any investor. Whether you’re a retail investor, an NII, or a QIB, knowing how shares are distributed can help you strategize your applications better. The allotment process, while seemingly complicated, is designed to ensure fairness. Following best practices can increase your chances of receiving shares in highly sought-after IPOs.

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Exploring IPOs in India: A Beginner’s Guide to Investment

navia — Wed, 13 Mar 2024 15:31:28 +0000

Welcome to the exciting universe of investments, where there’s room for growth and the chance for financial success. If you’re new to this adventure, you’ve probably heard of the term “IPOs” – Initial Public Offerings. In this article, we’ll help you understand what they are, why they’re important, and we’ll also explore their advantages and drawbacks in a way that’s easy to grasp.

What Are IPOs?

An IPO, or Initial Public Offering, is like a company’s exciting entrance onto the stock market stage. It’s when a private company decides to share its ownership with the public by offering shares to regular people like you and me. You might wonder why a company would do this. Just like when you want to expand your lemonade stand to make it bigger and better, companies need funds for their plans. That’s where IPOs come in. By selling shares to the public, they can raise the capital they need to grow, pay off debts, or reward early investors who believed in them.

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Why Should You Invest in IPOs?

Here are the reasons why you, should think about investing in IPO shares:

1. Getting in Early – Imagine you’re the first one to see a fantastic magic show. That’s what it’s like to invest in an IPO. You can buy shares when a company is just starting out, and if it grows, you could make a nice profit. It’s like being the first to buy a ticket to an amusement park before it becomes famous.

2. Spreading the Risk – Investing in different things, like stocks from various companies, is a smart way to reduce your risk. Instead of just having one ice cream flavor, you have a whole variety. If one doesn’t taste good, there are plenty of others to enjoy.

3. Potential for Big Gains – Some IPOs are like winning a lottery, but with better chances. If the company becomes very popular, the value of your shares could go way up. It’s like finding a special coin that turns into more money over time.

4. Easy to Sell- IPO shares are usually easy to sell when you need to. It’s like having a hotcake stand, and people want your hotcakes. If you suddenly need the money, you can quickly sell your IPOs on the stock market.

5. Thinking About the Future – Investing in the stock market is like planting seeds for your financial garden. With time and care, those seeds can grow into something valuable. Imagine planting a small tree in your backyard that becomes a big, beautiful tree over the years.

6. Good Deals – IPOs in India are often priced lower than their actual value. It’s like finding a sale at your favorite store. You’re getting something valuable for less.

7. Creating More Awareness – When you invest in an IPO, you’re helping more people learn about a company and its products. This can make more people want to buy their products, which can help the company succeed and, hopefully, raise its stock price.

8. Tax Benefits- If you hold onto your IPO shares for a while, you might pay less tax when you make money from them. It’s like getting a discount on your tax bill.

Advantages and Drawbacks of investing in IPOs

Let’s take a closer look at the good and not-so-good sides of investing in IPOs:

How to Apply for IPO’s through Navia?

Step 1: If you’re new to Navia, head over to the Play Store and download the Rocket app.

Step 2: Open the Navia app and log in using your account information.

Step 3: On the app’s homepage, scroll down to find the “Tools” section and select the “IPO” option from there.

Step 4: You’ll see a list of both currently available IPOs and IPOs that are coming soon.

Step 5: In the “Current IPOs” section, choose the IPO you’re interested in applying for.

Step 6: After selecting the IPO, provide the necessary information and credentials as required.

Step 7: Once you’ve completed your application, you will receive the IPO mandate for making the payment.

Step 8: After making the payment, your funds will be reserved, and your IPO application will be submitted.

Conclusion

In conclusion, investing in Initial Public Offerings (IPOs) can be an exciting opportunity for those looking to grow their financial future. IPOs allow you to get in early with a chance for big gains, diversify your investments, and sometimes grab good deals. It’s like being among the first to enter an amusement park before it becomes famous, having a variety of ice cream flavors, and finding a sale at your favorite store.

However, there are drawbacks to consider. IPO shares might not be guaranteed, and prices can be volatile, leading to potential losses. New companies lack a track record, making it challenging to predict their performance, and some IPO shares may be overpriced.

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If you decide to invest in IPOs, make sure to do your research, diversify your investments, and be prepared for price fluctuations. Just like planting seeds in your financial garden, with time and care, your investments can grow into something valuable. So, be a smart investor and make informed decisions on your IPO journey.

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IPO - Navia Blog

Exploring SME Sectors: Meaning, Scope, and Economic Contribution

What is SME Sector?

What are the Examples of SME Sector?

Opportunities and Risks of SME IPOs

Emerging SME Sectors in India

Conclusion

Frequently Asked Questions

Understanding Recent Developments in India’s IPO Market in 2026

IPO Momentum Continues: Why is Performance So Mixed?

Is the IPO Listing Gain Era Coming to an End?

Does IPO Size or Hype Guarantee Post-Listing Returns?

Conclusion

What is an IPO and How to Invest in it?

What is Initial Public Offering (IPO)?

Types of IPO (Initial Public Offering)

Fixed Price Issue

Book Building Issue

How Does an IPO Work?

Preparation Phase

Filling of DRHP (Draft Red Herring Prospectus)

Selection of Stock Exchange

Marketing Phase

Pricing

Allocation

Public Launch

How to Invest in an IPO?

Historic Returns from IPO

Benefits of Investing in Initial Public Offering

Drawbacks of Investment in IPO

Terms You Should Know Related to IPO

Things to Remember Before Investing in IPO

Conclusion

Frequently Asked Questions

SME IPO Performance in India – 2024

Key Statistics

Top 5 IPOs by Listing Day Gains

Top 5 IPOs by Current Price Performance

Growth of SME IPO’s from 2011 – 2024

Performance of all SME IPO listed in 2024

Mainboard IPO Performance in India – 2024

Key Statistics

Current Performance:

Top 5 IPOs by Listing Day Gains

Top 5 IPOs by Current Price Performance

Month wise IPO listings

Performance of all 2024 listed IPO’s based on close price as on 9th January 2025

IPO performance 2023

Mainboard IPO By Year 2011 – 2024

Number of Positive and Negative IPOs

Listing Day Performance:

Current Market Performance (as of Nov 25, 2024):

Top 3 IPOs by Listing Day Performance

Top 3 IPOs by Current Market Gains

Performance of IPO’s listed in Year 2013

SME IPO Performance Summary for 2023

Total Number of SME IPOs in 2023 – 179

Gowth of SME IPO’s from 2011 – 2024

1. Record Listings

2. High Subscription Rates

3. Robust Listing Gains

4. Exceptional Post-Listing Market Gains

5. Market Volatility

6. Regulatory Changes

7. Regional and Sectoral Growth

Insights for Investors

Top 3 IPOs by Listing Day Performance – As of 25 Nov 2024

Top 3 IPOs by Current Market Gains – As of 25 Nov 2024

Performance of all SME IPO’s listed in 2023

SME IPO Allotment Process: A Simple Guide with Examples

What is the SME IPO Allotment Process?

Step-by-Step SME IPO Allotment Process

1. Minimum Allotment Requirement:

2. Retail Individual Investors (RII) Allotment:

3. Non-Retail Investors (NII and QIB) Allotment:

What Happens When the IPO is Oversubscribed?

Why Might You Not Get an Allotment?

SME IPO Allotment Status

Conclusion

Understanding IPO Allotment and listing Process: A Comprehensive Guide

Performance of all 2024 listed IPO’s based on close price as on 9^th January 2025