Key Points
Nearly 86% of IPOs that made their D-Street debut this year listed with positive gains, while there is an 82% strike rate among the SME issue debuts, according to a report by FYERS Research...
While a large pool of investors focused mainly on listing gains, several IPOs have given better returns ranging from 50% to 140% after the initial phase of listing..
About 42 companies continue to hold or deliver better returns than their initial gains...
Three main board IPOs clocked subscription rates greater than 100 times Plaza Wires (161 times), Utkarsh Small Finance Bank (110.8 times) and Ideaforge Technology (106.1 times)...
"51 of the 166 SME companies witnessed subscription rates more than 100 times, with 12 companies seeing more than 300 times," the report noted...
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SME IPO market witnesses a record run in 2023
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