Key Points
Mumbai: The initial public offering (IPO) market for Small and Medium Enterprises (SMEs) witnessed a record run in 2023, with 166 companies raising about 4,472 crore during the year so far, according to brokerage FYERS Research..
Out of the 166 companies listed, 136 closed higher on debut and 24 companies recorded over 99.5% gains on listing day..
Goyal Salt had the highest listing day gains at 258% followed by Sungarner Energies and Basilic Fly Studio with 216% and 193.4% gains, respectively...
Fifty-one companies reported a subscription rate of over 100 times while 12 witnessed subscription rates more than 300 times...
"This euphoria may not last long, and certain companies may not display their financial performance similar to their stock price movement," it said.. (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets..
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